Podcast appearances and mentions of derek dombeck

In this episode of the Real Estate Pros podcast, Michael Stansbury interviews Derek Dombeck, a seasoned real estate investor from Wisconsin. They discuss Derek's journey in real estate, the challenges he faced, and how he adapted his strategies over the years. Derek shares insights on the importance of networking, mentorship, and the concept of generational wealth. He also delves into a fascinating case study of a recent creative deal he executed, showcasing his innovative approach to real estate investment.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

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Welcome, Wicked Smart listeners! In this episode, I sit down with the multifaceted real estate expert, Derek Dombeck, to explore the vast potential of creative deal structuring in today's market. Derek brings over 20 years of experience in the real estate world, covering everything from wholesaling and flipping to landlord lending and managing complex transactions. Together, we dive into some of his most unique and profitable deals of 2024 and discuss the mindset needed to thrive in an ever-evolving market. Whether you're a seasoned investor or just starting out, this episode is packed with actionable insights, including Derek's innovative strategies for leveraging private funds, tapping into social media marketing, and adapting to market changes. Plus, hear why Derek believes 2025 is poised to be a standout year for real estate investors.   Episode Highlights: [0:00] Introduction [1:26] Meet Derek Dombeck: A real estate veteran with a national mastermind group and a knack for creative solutions. [3:43] Navigating the Wisconsin Market: Derek shares insights on the local real estate trends in the Midwest. [8:12] Breaking Down a Waterfront Project: How Derek turned a 10-acre parcel with multiple structures into a profitable subdivision deal. [10:50] A Lease Option Success Story: Using creativity and private funds to turn an owner-occupant deal into a six-figure opportunity. [20:12] Finding Deals on Facebook: Derek's low-cost, high-impact marketing strategy using personal accounts. [24:00] Building Long-Term Success: Why consistency and relationships are key to thriving in real estate. [26:45] Preparing for 2025: Derek's predictions for market trends, interest rates, and where opportunities will arise.   Links & Resources: Real Estate On Your Terms and Deal Structure Overtime https://wickedsmartbooks.com/podcast FREE Master's Class https://wickedsmartacademy.com/mastersclass FREE Strategy Session with Chris Pre https://smartrealestatecoach.com/chrisprecall FREE Workshop https://smartrealestatecoach.com/pcws QLS Homestudy Course https://wickedsmartacademy.com/course/qls-homestudy-4 Investor Resources https://smartrealestatecoach.com/resources 3 Paydays Apprentice https://smartrealestatecoach.com/apprentice-pod In the Trenches Bootcamp https://smartrealestatecoach.com/ittb-pod REI Blackbook https://smartrealestatecoach.com/REIBB-DD   Closing Thoughts: If you're ready to take charge of your real estate journey, now's the time to act. Dive into our Quantum Leap Home Study Course or join the Wicked Smart Apprentice Program for hands-on coaching and support. Don't forget to rate, review, and share this episode with fellow investors looking to kickstart their 2025 goals!

Tune in Today's SHOW as our well known successful guest speaker shares amazing insight around this very important topic. You will find ways to connect with our GUEST today on the website mentioned in the video and further continue the conversation.   SUBSCRIBE, REVIEW & SHARE the SHOW! Elona at the Life School helps Entrepreneurs and Organizations grow legacy purpose driven life and businesses for major Impact & Income.   Website: www.elonaloparicoaching.com   Follow our Page on Facebook:  https://www.facebook.com/profile.php?id=100063162853244&mibextid=LQQJ4d Join our Facebook Group Community here: https://www.facebook.com/groups/entrepreneursofthelifeschool   Connect with us on Linkedin: https://www.linkedin.com/in/elona-lopari/   Follow us on Instagram: https://www.instagram.com/elona_lopari/    

Derek Dombeck is a seasoned real estate investor with years of experience in flipping, landlording, lending, and more. He has built an impressive portfolio and gained extensive experience in different facets of real estate investing over the last 21 years, including creative real estate.   With his experience, Derek has dabbled into different strategies for real estate investing and he is with us to talk about why lease options are a great way to build and diversify your portfolio like he did. Derek is sharing his story with us along with a case study to help new listeners to better understand how creative real estate strategies work!   What you'll learn about in this episode:  What Generations of Wealth is about How Derek got into creative real estate How to start conversations about creative financing Why confidence is important when doing creative real estate How the 2008 crash impacted Derek's mindset How a mastermind can help you grow as an investor What you should focus on when joining a mastermind What an option is in creative real estate What the benefits of doing deals through options are How options can help all parties involved in transactions   Resources:   Join us for our flagship event of the year happening on September 23-24, 2024, in Boston, MA! We're thrilled to be back live with an impressive lineup of high-caliber speakers, live coaching panels, and engaging breakout sessions. Whether you're a novice investor or a seasoned pro, QLS Live will equip you with the latest trade secrets, insider knowledge, and lesser-known strategies to propel you to the next level in your investing journey. Don't miss out—visit smartrealestatecoach.com/qlslive for more details. Coupon code: podcast50   Request a FREE copy of our best-selling book, Real Estate On Your Terms and Deal Structure Overtime, at absolutely no charge: wickedsmartbooks.com/podcast   Our FREE Master's Class is the ONLY webinar where you're given the exact techniques we use in our family company to buy and sell homes every month — all across North America and ALL on TERMS! Register by visiting: smartrealestatecoach.com/pcmc   Schedule a FREE strategy session with us. This is an opportunity for you to have an honest conversation with our team about your background, investment goals and create some action steps toward creating the life of your dreams. Together we'll discover where you are, where you want to be, and what's in the way. Just visit:  smartrealestatecoach.com/chrisprecall   Everyone is always asking us, “How is it possible to buy real estate without using my own cash or credit?” With decades of combined experience in real estate, we've perfected the process of investing creatively. We want to share as much as we can with you, which is exactly why we're running this FREE workshop! If you're thinking about leaving your job, escaping the W-2 lifestyle, and starting on the path towards creating generational wealth — this is for you! To register, just visit: smartrealestatecoach.com/pcws.    The Quantum Leap System has everything you'll need to start buying and selling on terms (without banks and without your own money or credit), launch & scale a business that fits your goals, and strengthen your mindset so you can follow the proven path to becoming a successful real estate investor. You can learn more by visiting: smartrealestatecoach.com/pcqls   For additional information on lead generation, funding, mindset coaching, legal assistance, virtual staffing, and business growth, visit the Investor Resources section of our website at: smartrealestatecoach.com/resources.   90-Day Jump Start: www.smartrealestatecoach.com/jump   Additional resources:   Generations of Wealth https://podcasts.apple.com/us/podcast/generations-of-wealth/id1736129601   FREE BOOK: Next Level Your Life (Digital Version) https://www.smartrealestatecoach.com/derek   In the Trenches Bootcamp https://www.smartrealestatecoach.com/ittbootcamp

In a world where there's so much money available to finance private Real Estate, there's no need to employ your own capital as an investor. With creative deal structuring that solves other's problems, you won't need to come out of pocket to do deals, and you won't need to deal with impersonal banks or other financial institutions. There are thousands of private investors and other sources of capital you can use for wholesaling, flipping, or buying and holding real estate, and these strategies are applicable in any size market. Derek Dombeck, Founder of GOW Global, has built his own portfolio of rentals and is teaching others how to implement the same strategies.

Jenn Foster co-owner of Elite Online Publishing, interviews Derek Dombeck, a two-time international bestselling author and seasoned real estate investor with over 20 years of experience. In this episode, Derek discusses his journey from losing most of his real estate portfolio during the 2008 financial crisis to achieving remarkable success in the field. Learn More: https://gowvoyage.com/

As a successful investor, national speaker, and International best-selling author Derek Dombeck has surfed the ups and downs of the market since 2003. What business problem do you solve? In today's episode Derek Dombeck, an accomplished investor and best-selling author, offers expert advice on creative deal structuring and effective negotiation. His insights empower entrepreneurs to navigate finance intricacies, stack financing strategies, and align business goals with personal visions for enduring success.  Small Business Answer Man's Shownotes: Derek emphasizes the importance of creativity in deal structuring, advocating for innovative finance methods over traditional banking routes. Insights shared on effective negotiation techniques, highlighting the significance of understanding communication styles and adapting strategies accordingly. Derek presents a real-life example illustrating the effectiveness of stacking multiple financing strategies to address a homeowner's problem, showcasing the power of creative deal structuring. Gary and Derek explore various negotiation techniques, emphasizing the importance of rapport-building and establishing upfront agreements for successful discussions. During the podcast, Derek focuses on the importance of having a clear personal and business vision in order to attain both fulfillment and success, particularly in the context of building generational wealth. He encourages listeners to define their vision for life and business, emphasizing alignment between business strategies and personal goals. Gary and Derek conclude by discussing the transformative potential of intentional breaks and business model reassessment in prioritizing personal well-being and long-term success. Derek introduces his own podcast called “The Generations of Wealth” where he helps people create their personal vision and business vision to support their personal life.  The episode highlights the crucial aspect of ensuring that business strategies are in harmony with personal objectives, leading to a more holistic form of success. Derek Dombeck's Small Business Tip: Reflect on your personal and business vision, considering what you want your life to look like and how your business can support those aspirations. Take five to ten minutes each day to contemplate and jot down ideas, focusing on aligning business strategies with personal goals. Connect with Derek Dombeck: Website Facebook The Generation of Wealth Facebook Clarity Navigator Discovery Session – Sign Up HERE Learn more about Gary's Mastermind group at goascend.biz/the-mastermind-solution

In a revealing discussion on the Raising Private Money podcast, Derek Dombeck and Jay Conner, The Private Money Authority delves into the complexities of real estate investments, particularly focusing on creative financing and ethical business practices. This episode provides valuable insights for real estate investors aiming to thrive by aligning business strategies with personal fulfillment.Creative Financing DefinedIn the realm of real estate, understanding and implementing creative financing can be the key to unlocking lucrative deals. Derek Dombeck defines this approach as a method to solve a seller's problems by combining different financing strategies to meet their needs. This not only facilitates smoother transactions but ensures all parties benefit equitably. Jay Conner supports this with a personal anecdote where he bought a house 'subject to' the existing note, showcasing how stacking strategies can lead to success without traditional bank loans.The Ethical Edge in BusinessAn important theme of the discussion is conducting business ethically. Derek stresses the significance of living a visionary life that you love, rather than just striving for financial gains. The conversation criticizes the often misleading advice floating around in real estate circles, advocating for a more grounded and honest approach to education in this sector. Ethical practices not only foster long-term success but also contribute to a healthier, more sustainable market environment.Private Money: Raising and Managing InvestmentsJay Conner, as host of "Raising Private Money," and Derek, with his impressive accomplishment of raising upwards of $20 million, discuss the intricacies of managing private funds. Derek recalls overcoming the market downturn in 2007 by pivoting towards raising private money, illustrating resilience and adaptability as key traits of a successful real estate entrepreneur. The strategy of storytelling to attract investments, without a direct request for funds, emerges as a nuanced skill that can deepen potential investor relationships.Relationship Building with InvestorsThe podcast highlights the crucial aspect of not prejudging potential private money investors. Building trust and establishing robust relationships, particularly with self-directed IRA companies, forms the backbone of successful fundraising. Both Derek and Jay emphasize the human element in financial dealings, underscoring the impact investors can have on transforming retirement years through strategic real estate investments.Aligning Business with Lifestyle and VisionPerhaps the most refreshing take from this episode is Derek's emphasis on aligning business endeavors with personal lifestyles and dreams. He shares his transformative experience of taking a 5-week RV trip, demonstrating the feasibility of integrating significant personal rewards with professional rigors. This section serves as a powerful reminder of the importance of designing a business that supports personal growth and family life, rather than constraining it.Conclusion: A Call to Ethical Action and Continuous LearningAs the episode wraps up, listeners are encouraged to follow Derek Dombeck for more insights and to access Jay Conner's private money guide as a resource for further learning. The discussion revisits the themes of creative deal structuring and the benefits of dealing with private lenders over institutions, advocating for a real estate investment model that benefits all players involved.By prioritizing ethical practices, innovative financing solutions, and aligning business strategies with personal values, real estate investors and entrepreneurs can not only achieve financial success but also enjoy a fulfilling life. The insights from Derek Dombeck and Jay Conner are a testament to the power of responsible and innovative real estate entrepreneurship.

Joining us on today's Living Off Rentals episode is someone who has been in the real estate world since 2003. He is a successful real estate investor involved in thousands of transactions, from rentals to flips to lending. Derek Dombeck is also a speaker and a best-selling author who is passionate about teaching and mentoring people to help them improve their financial situations through real estate investing. He has a podcast called Generations of Wealth Podcast, where he seeks to help listners "Nurture prosperity over time." Listen and enjoy the show! Key Takeaways: [00:00] Introducing Derek Dombeck and his background [05:17] How Derek started his real estate investing journey [11:28] How does a typical deal look like? [14:33] Most people pay too much for their deals [17:33] A good candidate for a loan [20:40] The market shifts [25:00] Facilitating deals than just buying/owning real estate  [34:40] The attitude of not quitting [37:51] The mindset shift [39:46] Connect with Derek Dombeck Guest Links: Website: https://thegenerationsofwealth.com/  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals   

Derek Dombeck - The Generations of Wealth On the Challenging Relationship Employers Are Forced Into: "Speculation and appreciation doesn't pay your bills or keep your family fed. It looks beautiful on a spreadsheet ,on a balance sheet, until things go the other way." Real Estate Investing is a powerful tool for growing your wealth, as well as building a legacy for you and whomever you would like beyond your life. But some real estate investors just want to invest in real estate, and not deal with tenants, painting, plumbing issues, 3am phone calls and the paperwork that comes with owning property.  Some investors prefer to just invest their money, get a decent return and continue the process of having their money work for them. Derek sheds light on innovative solutions for storage unit businesses, his own path in the real estate industry, and the importance of understanding local markets and regulations. We'll explore the nuances of investing in places like Madison and Milwaukee, and uncover why he advises starting with single-family properties and values local real estate investor associations. With the launch of his Generations of Wealth podcast slated for March 14th, Derek is set to share his comprehensive approach to wealth, which extends far beyond financial gains. You'll learn about his commitment to helping Wisconsin locals navigate the real estate market without hidden costs or tricks. We'll also delve into the significance of effective communication and negotiation in closing deals, both in real estate and beyond, and the challenges posed by the evolving landscape of customer service in an AI-dominated world. Whether you're dealing in duplexes or many door count multifamily properties, this conversation boasts invaluable insights, including Derek's tales of overcoming adversity during the 2007 market crash and how building relationships can form the backbone of any successful business venture. Listen as Derek explains how to get into the real estate investing game without having to get dirty into the real estate investing game. Enjoy! Visit Derek at: https://thegenerationsofwealth.com/ Podcast Overview: 00:00 Passing on real estate wisdom to future generations. 06:25 Speculation doesn't pay bills, control business. 12:26 Ethical real estate broker helps sellers profit. 18:26 Structuring installment sale, focusing on mutual benefit. 21:57 Suggest talking to professional for personalized tax advice. 29:18 Reluctantly filed bankruptcy, stood by decisions. 33:40 Risky debt led to starting lending company. 37:33 Networking in person is more effective. 46:20 Shows, wealth.com, contact info, investing experience, Wisconsin. 49:31 Embracing diversity, solving problems, and staying humble. 55:14 Start small in real estate; seek local advice. 01:00:47 Authentic Business Adventures introduces successful business owners. Podcast Transcription: Derek Dombeck [00:00:00]: I have to call people. What if they answer? And and I said, okay. Let's look at it this way. Twist your mindset. If you know you have the skills to help somebody and you choose not to call them, you are by default harming that person. James [00:00:17]: You have found Authentic Business Adventures, the business program that brings you the struggle stories and triumphant successes of business owners across the land. Downloadable audio episodes can be found in the podcast link found at draw in customers.com. We are locally underwritten by the Bank of Sun Prairie. Today, we're welcoming slash preparing to learn from Derek Dombek, the founder of Generations of Wealth Global. And today, we're chatting real estate, which is, I think, almost everyone knows you can make a couple bucks with. So, Derek, how is it going today? Derek Dombeck [00:00:50]: It's going really well, James. And, you can make a couple bucks. You can also lose a couple bucks if you do it wrong. James [00:00:56]:

Negotiation and Creative Deal Structuring   This episode is GOLD! We have Derek Dombeck on the show sharing some serious nuggets from negotiation skills to creative deal structuring. Derek shares his badass elevator pitch that will be sure to open the doors to a deeper and more lucrative conversation with sellers. He also breaks down how he stacks multiple creative deal structuring techniques. This ONE deal included subject to, seller carry back, private money participating note and a lease option! Derek is sharing a few give-a-ways, all you have to do is email him at derek@globalgow.com and tell him you heard him on Jen Josey's badass podcast...   As a successful investor, national speaker, and International best-selling author Derek Dombeck has surfed the ups and downs of the market since 2003. Derek's expertise ranges from creative deal structuring, wholesaling, flipping, and land lording, to lending and investing throughout the years. He has been involved in thousands of transactions in his career; and what sets him apart is his love for people and their success. Derek has an uncanny gift for problem solving and negotiating; and he enjoys using his gifts and knowledge to help people, sometimes when they have nowhere else to turn. This is why he is a founding member of The Generations of Wealth. This is a platform where real estate investors have access to resources that help grow their businesses as well as improve their visions for their personal lives. Having a clear Vision is Derek's guiding light for all his life and business decisions. Derek has co-founded a private lending company, a real estate acquisition company and hosts several national mastermind groups called REI Circle of Trust. He also hosts an annual advanced strategies and networking event for real estate investors called Generations of Wealth Voyage (gowvoyage.com). Derek is dedicated to giving back to his community. He founded and ran the ​Central Wisconsin Real Estate Investors Association and later merged with WiscoREIA, based out of Wausau Wisconsin. There he still teaches other real estate investors his keys to success. Derek has been married for over 20 years. He and his wife have a unique family, with three children from different backgrounds. They avidly help other couples who are struggling through the conception/adoption process. Derek's family loves to travel and experience new things. An adrenaline junkie at heart who grew up racing stock cars and sky diving now enjoys hunting, fishing and camping...and watching the bucking bulls they own at rodeos. Social Media Links: www.facebook.com/derek.dombeck/ https://www.linkedin.com/in/derek-dombeck-0246b323/ Website: https://gowvoyage.com/ https://www.reicot.com/   To learn more about Jen Josey, visit www.TheRealJenJosey.com To join REIGN, visit www.REIGNmastermind.com Stuff Jen Josey Loves: https://www.reignmastermind.com/resources

Want to grow your real estate investing business and portfolio?  You're in the right place. Welcome to the Property Profits Real Estate Podcast

Vision is essential for your business. In this episode of Profit First for REI podcast, Derek Dombeck will teach you how to create a vision for your business and your life. He will also help you make sure your business aligns with that vision.Derek is a successful investor, national speaker, and international best-selling author. He has been in the real estate business since 2003 and founded Generations of Wealth (GOW).Know more about Derek and things you should know about money. There is a lot of cool stuff and knowledge in this episode. Listen and enjoy!Key Takeaways:[00:58] Introducing Derek Dombeck[02:55] Generations of Wealth[08:04] Why real estate?[12:45] The Rule of 72[15:42] Why do people live deal to deal?[19:12] How to know what your vision is?[26:04] The Hardworker[31:01] Connect with Derek DombeckQuotes:[11:00] "I wouldn't be doing what I'm doing today if I never had that failure."[15:55] "They don't know what their result is or their end goal is because they don't have a vision."[22:44] "Once you have your vision figured out, you should share it with the world. You should start telling people because that makes it real."Connect with Derek:Website: https://gowvoyage.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David

In this episode, Chaz Wolfe is joined by entrepreneur Derek Dombeck. They delve into Derek's business journey, his personal vision, and how he maintains work-life balance. Derek shares his worst business decision and the lessons he learned. They discuss the importance of financial education for children, and Derek faces a speed round of questions. The episode concludes with book recommendations, the value of networking, and a hypothetical scenario of what Derek would do if he lost everything.

In this episode of Gathering The Kings, Chaz Wolfe introduces us to Derek Dombeck, a giant in the realm of real estate and a trailblazer in the entrepreneurship landscape. A proven mastermind at the helm of the seven-figure powerhouse, Best REI Funding LLC, Derek is transforming Wisconsin's landscape with his privately funded lending prowess. Not content with just running his empire, Derek also leads an exclusive mastermind group, imparting his wisdom and guiding ambitious entrepreneurs hungry for success in the real estate arena.As we jump into this episode, Chaz and Derek explore a myriad of thought-provoking topics. They explore Derek's transformative insights from a 5-week business hiatus, pass on the wisdom to the next generation about finance and ROI, and strategize on how to foresee and navigate potential business challenges. Derek's years of experience distilled into this discussion presents a unique opportunity to turbocharge your growth journey in real estate. Don't wait, ignite your entrepreneurial journey by tuning into this episode right now!During this episode, you will learn about;[01:29] Intro to Derek and his business[07:31] Why Derek continues to push[11:06] A good decision Derek made[13:32] How Derek was able to relinquish control[17:29] A bad decision Derek made[19:57] Derek's approach to decision-making[28:20] If Derek could track one metric, what would it be?[30:50] Derek's book recommendations[32:14] Derek's thoughts on networking[37:06] If Derek lost it all, what would he do?[38:41] How to connect with Derek[41:57] Info on Gathering The Kings MastermindNotable Quotes“My personal vision is time with my family, time with my wife and my kids. We pass up opportunities that could add more zeros to the bank account on a weekly, monthly basis.” - Derek Dombeck“Most business owners are always playing from behind.” - Derek Dombeck“If I was a brand new listener to your show, just getting into real estate, banks would be my last option, not my first.” - Derek Dombeck“It's about leaving that legacy for our kids and not having them squander it.” - Derek Dombeck“I don't wanna burn our kids out in real estate; I just wanna show them what's possible.” - Derek Dombeck“It's okay that we toot the horn a little differently because guess what? It's working.” - Chaz Wolfe (Host)“I still want to reach and meet the better version of me.” - Chaz Wolfe (Host)“I'm unemployable at this point.” - Derek DombeckBooks and Resources Recommended:Pitch Anything by Oren Klaffhttps://www.amazon.com/Pitch-Anything-Innovative-Presenting-Persuading/dp/0071752854Flip the Script by Oren Klaffhttps://www.amazon.com/Flip-Script-Getting-People-Think/dp/052553394X/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1669486111&sr=1-2Let's Connect!Derek Dombeck:Website: https://www.ibuyhouseswi.com/Business Facebook: https://www.facebook.com/ibuyhouseswiFacebook:

Derek Dombeck is a seasoned individual who has experienced both the highs and lows of the real estate market. Reflecting on his own past, he acknowledges the challenging 2007 downturn, where he faced great adversity. However, rather than harboring negativity towards others, Derek instead learned valuable lessons from this experience. He draws a parallel between the regulatory measures implemented by the government and lending practices during that time, which ultimately stabilized the markets. Over the past five years, Derek observes how the government-backed loans have become increasingly lenient, offering programs that require little or no down payment. While this has allowed more individuals to enter the real estate market, it has also led to some potential issues. Many people have ended up overpaying for properties at the peak of the market with zero percent down payment. Consequently, they find themselves in a precarious situation if they need to sell their property, as they hold no equity. Derek predicts that this could result in a new wave of defaults and foreclosures, ultimately adding more inventory to the market. Despite acknowledging the potential challenges ahead, Derek remains optimistic and sees opportunities within the real estate market. He recognizes that while there may be regional shortages in inventory, it is not a widespread issue across the nation. With his wealth of knowledge and experience, Derek is poised to navigate the forthcoming tough times while also capitalizing on the numerous opportunities that arise.

In this episode, we dive deep into the world of real estate investing and uncover the secrets to success. In this episode, our special guest is Derek Dombeck, a seasoned investor who has navigated the highs and lows of the market since 2003. With a wealth of expertise in creative deal structuring, wholesaling, flipping, landlording, lending, and investing, Derek has been involved in thousands of transactions throughout his career. What sets him apart is his genuine passion for people and their success. He believes in going above and beyond to help individuals achieve their goals. Derek is the co-owner of Best REI Funding, a private lending company, and a real estate acquisition company. He also hosts three national mastermind groups known as REI Circle of Trust. Additionally, Derek and his team organize an annual advanced strategies and networking event for real estate investors called Generations of Wealth Voyage (gowvoyage.com). As a problem-solving and negotiating expert, Derek uses his uncanny gift to assist those who have nowhere else to turn. He prides himself on offering creative solutions for sellers that few other investors can provide. With the support of his dedicated team, Derek consistently delivers outstanding results. Beyond his professional endeavors, Derek is deeply committed to giving back to his community. He founded and ran the Central Wisconsin Real Estate Investors Association, which later merged with WiscoREIA. As a coach and teacher, Derek shares his keys to success with fellow real estate investors. Outside of the real estate world, Derek has a thriving personal life. He has been happily married for 20 years and cherishes his unique family dynamic, which includes three children from different backgrounds. Derek and his wife are passionate about assisting couples struggling with the conception/adoption process. They are avid travelers, always seeking new experiences. While Derek was an adrenaline junkie in his youth, racing stock cars and skydiving, he now enjoys the tranquility of hunting, fishing, camping, and even watching the bucking bulls they own at rodeos. Join us in this captivating episode as Derek Dombeck shares his insights, stories, and invaluable advice for real estate investors. Prepare to be inspired and motivated as we uncover the secrets to taking your real estate ventures to the next level.

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Syndication Made Easy with Derek Dombeck Vinney Chopra and Derek Dombeck, a successful real estate investor. The conversation covers Derek's journey in real estate investing, including how he lost everything during the 2007 market crash and how he rebuilt his business. Derek shares several lessons he learned from his experiences, including the importance of not being 100% leveraged through banks, creatively structuring deals, and avoiding over-leveraging. The video provides insights into how real estate investors can build generational wealth by making smart investment decisions, managing risk, and being flexible in their approach. Valuable Lessons: Don't rely solely on bank financing: Derek, learned the hard way that relying entirely on bank financing can leave you vulnerable to market shifts and changes in bank policies. While banks can be a valuable source of funding, it's important to have alternative sources of financing as well. Embrace failure as a learning opportunity: Derek didn't let his financial losses discourage him. Instead, he used the experience to learn about short sales, foreclosure, and creative financing strategies, which he has since used to build a successful business. Build strong relationships: Derek credits much of his success to the relationships he has built with investors, lenders, and other professionals in the real estate industry. Building and maintaining these relationships takes time and effort, but it can pay off in the long run. Diversify your investments: Derek emphasizes the importance of diversifying your real estate investments, both in terms of location and type of property. This can help protect you from market fluctuations and other unexpected events. Don't be afraid to take risks: While it's important to be cautious and do your due diligence, Derek also encourages investors to take calculated risks and think outside the box when it comes to creative financing and deal structuring. https://gowvoyage.com/ | https://www.reicot.com/ Watch the Full Video here: https://youtu.be/pu23CgyapEg Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated.    https://podcasts.apple.com/us/podcast/syndication-made-easy-with-vinney-smile-chopra/id1473126675   INVEST with Vinney [Accredited Investors ONLY]: https://vinneychopra.com/invest/ LEARN from Vinney: https://apartmentsyndicationmadeeasy.com/academy2022/ Want more information about value-add multifamily investment properties? Click here: https://multifamilymentor.blog

Derek Dombeck, our guest for today is a successful real estate investor and founder of the REI Circle Of Trust Mastermind Connect with Founders Club Host Oliver Graf on Instagram: @OliverGraf360 In this Founders Club interview, Derek Dombeck joins us to discuss his methods of creative deal structuring, And how anyone can scale their business with private capital. Do not miss this one. Enjoy!   Connect with Oliver Do me a solid and... Find me on Instagram: @OliverGraf360 Subscribe to my YouTube channel: http://www.youtube.com/c/OliverGrafTV​​ Let's connect on social media: http://www.OliverGraf.tv/Social​​ Join our free facebook group: Real Closers

Derek Dombeck, Founder of Best REI Funding, joins us to discuss his 20 year career in Real Estate Investing, starting with a single project to doing 25+ deals/mo today. We discuss starting with a vision to reverse engineer a business, how they've built a team and scaled, hosting masterminds, and much more. Connect with Derek […]

As a successful investor, Derek Dombeck has surfed the ups and downs of the market since 2003. Derek's expertise ranges from creative deal structuring, wholesaling, flipping, and land-lording, to lending and investing throughout the years. He has been involved in thousands of transactions in his career, and what sets him apart is his love for people and their success. Derek has an uncanny gift for problem-solving and negotiating; and he enjoys using his gifts and knowledge to help people out, sometimes when they have nowhere else to turn. He puts together creative solutions for sellers that few other investors can, and with his team's support, they always deliver. Derek co-owns a private lending company called Best REI Funding, a real estate acquisition company, and hosts three national mastermind groups called REI Circle of Trust. They also run annual advanced strategies and networking events for real estate investors called Generations of Wealth Voyage (gowvoyage.com). Derek is dedicated to giving back to his community. He founded and ran the Central Wisconsin Real Estate Investors Association and later merged with WiscoREIA, based out of Wausau Wisconsin. There he coaches and teaches other real estate investors his keys to success. Derek has been married for 20 years, and he jokes that he “married up.” He and his wife have a unique family, with three children from different backgrounds. They avidly help other couples who are struggling through the conception/adoption process. Derek's family loves to travel and experience new things. An adrenaline junkie at heart who grew up racing stock cars and sky diving now enjoys hunting, fishing, and camping...and watching the bucking bulls they own at rodeos.In this episode, Derek will talk about REI Funding and share his experiences and how it will help your business.Key Takeaways - Learn about how lending money works - Understand the long-term financing - How to handle borrowers and keep a good relationship

Derek Dombeck is the co-owner of Best REI Funding, a private money lending company. In this episode, he shares how he reinvented himself and his business after losing everything in the Great Recession, why he's not a fan of banks, and how working alongside borrowers as a financial partner has helped him maintain a low default rate.  Derek Dombeck | Real Estate Background Co-owner of Best REI Funding, a private money lending company. Portfolio: Two mineral quarries Several residential complexes Based in: Green Bay, WI Say hi to him at:  bestreifunding.com gowvoyage.com reicot.com  Best Ever Book: Rocket Fuel by Gino Wickman and Mark C. Winters Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant

As a successful investor, Derek Dombeck has surfed the ups and downs of the market since 2003. Derek's expertise ranges from creative deal structuring, wholesaling, flipping, and land lording, to lending and investing throughout the years. He has been involved in thousands of transactions in his career; and what sets him apart is his love for people and their success. Get in touch with Derek: Best REI Funding (Private lending company) https://bestreifunding.com/  Generations of Wealth - https://gowvoyage.com/ Circle of Trust - https://www.reicot.com/   If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/ 

This week, Glenn and Amber sit down with Derek Dombeck, a creative minded real estate investor who has experience in almost every different aspect of residential real estate. Derek has been a successful investor since 2002. He's been through the ups and downs of the markets and has the scars to prove it. He's done wholesaling, flipping, landlording, lending and countless other investment strategies throughout the years. Having been a hard money lender for many years, Derek is able to help his clients with the way they structure their deals as he gets them the funding they need. He enjoys giving back to the real estate community by teaching and mentoring others. In this episode, Derek talks more about how the market is changing, learning how to be creative and stack strategies.

Derek Dombeck is based in Wisconsin where he is the principal at a private lender specializing in residential investment and small multi-family properties. His foray into lending was an accidental path that resulted from the financial crisis that started in 2007. Derek also has two books he'd like to share with you. To connect with him and to get a copy of his books, send an email to derek@bestreifunding.com ----------------- Host: Victor Menasce email: podcast@victorjm.com

Banks are an inevitable ally in any business. Well, are they? They certainly are important, but should not be considered as the first choice. In today's episode, Mercedes is joined by a special guest, Derek Dombeck, an expert in buying and holding real estate since 2003. In 2007, lack of education and misuse of bank money led his business to nearly crash. Stay tuned and find out how he fought back, and took control of his finances. BUT BEFORE THAT, Matt talks about the biggest housing market crash in 40 years! Are you ready? Let's go! Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on Unstoppable REI Wealth you are in for a real treat as we are joined by Derek Dombeck.  Derek has surfed the ups and downs of the market since 2003. Derek's expertise ranges from creative deal structuring, wholesaling, flipping, being a landlord, to lending and investing throughout the years. He has been involved in thousands of transactions in his career; and what sets him apart is his love for people and their success. Derek has an uncanny gift for problem solving and negotiating; and he enjoys using his gifts and knowledge to help people out, sometimes when they have nowhere else to turn. He puts together creative solutions for sellers that few other investors can, and with his team's support, they always deliver. Derek co-owns a private lending company called Best REI Funding, a real estate acquisition company and hosts three national mastermind groups called REI Circle of Trust. They also run an annual advanced strategies and networking event for real estate investors called Generations of Wealth Voyage (gowvoyage.com). Derek is dedicated to giving back to his community. He founded and ran the ​Central Wisconsin Real Estate Investors Association and later merged with WiscoREIA, based out of Wausau Wisconsin. There he coaches and teaches other real estate investors his keys to success. Derek has been married for 20 years, and he jokes that he “married up.” He and his wife have a unique family, with three children from different backgrounds.  They avidly help other couples who are struggling through the conception/adoption process.  Derek's family loves to travel and experience new things.  An adrenaline junkie at heart who grew up racing stock cars and skydiving now enjoys hunting, fishing and camping...and watching the bucking bulls they own at rodeos. Connect with Derek:Get on the list for Derek's book by sending an email to derek@bestreifunding.com and say you heard about it on this show and you would like to get on the list for the book.https://gowvoyage.com/https://bestreifunding.com/ And after that head on over to...https://easysell411.comhttps://billyalvaro.comhttps://billyssecrets.comWho knows maybe you will be our next partner?To get some neat (and FREE) Tools | Tips | Tricks to help you in REI!

Derek Dombeck is a real estate investor, investing coach, co-owner of Best REI Funding, and founder of ​Central Wisconsin Real Estate Investors Association which later merged with WiscoREIA. He started navigating the industry by flipping houses and has also dipped his toes in wholesaling, land-lording, and creative deal structuring.Derek stands out not just because of his gifts of negotiation and problem-solving, but also because of his passion for giving people the opportunity to succeed. He teaches other investors and hosts three national mastermind groups called REI Circle of Trust.Don't miss this chance to partake in his wealth of knowledge. Tune in as we discuss everything between his history, experiences, and raising Private Money.Key Takeaways:Derek on starting in real estate and discovering Private Money.Private Lenders are non-institutional.How Private Money impacted Derek's business.Finding private lenders through local RIAs and referrals.Can you invest in Wisconsin without being based thereWhat are accredited, investors?What is a no-hassles policy?The real estate market in 6 months.What Derek would do differently if he starts over in business.Check out my book: 7 Reasons Why Private Money Will Skyrocket Your Real Estate Business and Help You Build Incredible Wealth!Get it here for FREE: www.jayconner.com/moneyguideConnect with Derek and get a copy of his books:Email: derek@bestreifunding.com (let him know you came from here!)Learn more about his conference: www.gowvoyage.com

For the past 20 years my guest has been mastering negotiation techniques both on the phone and at the kitchen table. Creative deal structuring, including options, subject to purchases, lease options and seller financing are what excite him. Derek Dombeck has been involved in thousands of transactions and has a knack for putting together creative deal structures and financing solutions that will help you think differently about the deals you might be working on. Now, or in the future. Today, Derek takes us through multiple examples of the deals he's structured and the conversations he's had with sellers. You'll learn why he avoids going through realtors, brokers and banks, and prefers to work directly with the seller and his own financial partners. You can find out more about Derek through the following links: https://bestreifunding.com/ https://gowvoyage.com/ https://www.reicot.com/ Email: derek@bestreifunding.com Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

Passive income through private money lending in real estate | How to save an AirBnB failureYou'll learn;

As a successful investor, Derek Dombeck has surfed the ups and downs of the market since 2003. Derek's expertise ranges from creative deal structuring, wholesaling, flipping, and land lording, to lending and investing throughout the years. He has been involved in thousands of transactions in his career; and what sets him apart is his love for people and their success. Derek has an uncanny gift for problem solving and negotiating; and he enjoys using his gifts and knowledge to help people out, sometimes when they have nowhere else to turn. He puts together creative solutions for sellers that few other investors can, and with his team's support, they always deliver. Derek co-owns a private lending company called Best REI Funding, a real estate acquisition company and hosts three national mastermind groups called REI Circle of Trust. They also run an annual advanced strategies and networking event for real estate investors called Generations of Wealth Voyage (gowvoyage.com). Derek is dedicated to giving back to his community. He founded and ran the ​Central Wisconsin Real Estate Investors Association and later merged with WiscoREIA, based out of Wausau Wisconsin. There he coaches and teaches other real estate investors his keys to success. Listen to this eye-opening Private Equity Profit episode with Derek Dombeck about the challenges and pitfalls of investing in real estate.   Here are some of the beneficial topics covered on this week's show: The importance of cash flow in the real estate industry What mistakes investors make when seeking lending partners for real estate investments. The real estate market is overpriced, interest rates are going up. What can you do?   Get your Free Copy of Derek's upcoming book by emailing Derek: derek@bestreifunding.com   Connect with Derek: LinkedIn https://www.linkedin.com/in/derek-dombeck-0246b323/ Best REI Funding: https://bestreifunding.com/ Generations of Wealth: https://gowvoyage.com/ Circle of Trust: https://www.reicot.com/     Learn more about your ad choices. Visit megaphone.fm/adchoices

A lot of people start by flipping houses and then evolve into something else. That's our story today with Derek Dombeck, but you won't believe what he's into now. And it's something we've never had on this show. Derek Dombeck is a hard money lender in Green Bay Wisconsin. Before that he was a house flipper. Before that he worked in construction. But what he's doing now, in addition to the hard money lending company is something we've not covered on this show before, but I'm going to let you hear it from him.

A lot of people start by flipping houses and then evolve into something else. That's our story today with Derek Dombeck, but you won't believe what he's into now. And it's something we've never had on this show. Derek Dombeck is a hard money lender in Green Bay Wisconsin. Before that he was a house flipper. Before that he worked in construction. But what he's doing now, in addition to the hard money lending company is something we've not covered on this show before, but I'm going to let you hear it from him.

A lot of people start by flipping houses and then evolve into something else. That's our story today with Derek Dombeck, but you won't believe what he's into now. And it's something we've never had on this show. Derek Dombeck is a hard money lender in Green Bay Wisconsin. Before that he was a house flipper. Before that he worked in construction. But what he's doing now, in addition to the hard money lending company is something we've not covered on this show before, but I'm going to let you hear it from him.

Whether you're a new or experienced investor, this episode will give you a competitive edge and help you expand your real estate business. Derek Dombeck joins us to talk about price gouging's adverse effects, the advantages of educating children about real estate, and the common challenges new investors face due to shifting markets. Tune in to learn some advice for making smarter investment decisions!KEY TAKEAWAYSChallenges you need to be aware of as a new investorWhat new investors can expect in the current market situationNegative effects of increasing prices in real estateWhy you should consider cap rates in asset purchasesThe advantage of encouraging children to get involved in real estateRESOURCES/LINKS MENTIONEDKyle Wilson https://www.linkedin.com/in/kwmarketing/The Generations of Wealth Voyage https://gowvoyage.com/ALL ABOUT DEREK DOMBECKAs a successful investor, Derek Dombeck has surfed the ups and downs of the market since 2003. Derek's expertise ranges from creative deal structuring, wholesaling, flipping, and land lording, to lending and investing throughout the years. He has been involved in thousands of transactions in his career; and what sets him apart is his love for people and their success.  Derek has an uncanny gift for problem-solving and negotiating; and he enjoys using his gifts and knowledge to help people out, sometimes when they have nowhere else to turn. He puts together creative solutions for sellers that few other investors can, and with his team's support, they always deliver.  Derek co-owns a private lending company called Best REI Funding, a real estate acquisition company, and hosts three national mastermind groups called REI Circle of Trust. They also run annual advanced strategies and networking events for real estate investors called Generations of Wealth Voyage (gowvoyage.com). Derek is dedicated to giving back to his community. He founded and ran the Central Wisconsin Real Estate Investors Association and later merged with WiscoREIA, based out of Wausau Wisconsin. There he coaches and teaches other real estate investors his keys to success.CONNECT WITH DEREKWebsite: Best REI Funding https://bestreifunding.com/ Website: WiscoREIA https://www.wiscoreia.com/Mastermind: REI Circle of Trust https://www.reicot.com/Email: derek@bestreifunding.comTo find out more about partnering or investing in a multifamily deal, schedule a call here: https://calendly.com/threekeysinvestments/get-acquainted-callVisit ThreeKeysInvestments.com to download a free e-book “Why Invest in Apartments”!Looking to reduce your taxes so you can build wealth? Mode Wealth is a boutique financial firm helping real estate professionals, investors and entrepreneurs ethically and morally optimize their tax strategy to reduce their tax liability. Learn more and schedule a FREE consultation today! https://modewealth.com/Looking for an affordable healthcare solution? Check out Christian Healthcare Ministries by visiting https://bit.ly/3JTRm1IPlease RSS: Review, Subscribe, Share!Support the show (and my reading addiction)!https://www.buymeacoffee.com/AskMeHowIKnow

There's no doubt about it: the Canadian Real Estate market correction has begun. For the last two years, we've struggled to find profitable properties in the most intense seller's market in recent history. Now, as the cycle inverts itself, buyers shall be king for a time. But the challenges are likely to be different. To close deals in the upcoming season, investors will face difficulties accessing capital (for down-payments) and financing (as banks raise interest rates and lending becomes tighter).  When such setbacks occur, how can we continue to do business?  In this episode, Derek Dombeck, founder of Best REI Funding LLC and co-founder REI Circle Of Trust Mastermind, talks to us about how he weathered the 2008 crisis in the United States, growing his portfolio even in a downturn.  For Derek, access to capital and mental planning are key. Find out how he emerged from a downturn in a better position than he started!  Enjoy listening! What we learned from Derek Dombeck in this episode: - Financial crisis of 2007–2008: Is it a blessing or a disaster? (... a look at how Derek turned the crisis as an opportunity.) - The RIGHT mindset you should have as a real estate investor. - How to cope with adversity as a real estate investor. - People business — why a real estate investor should focus on talking with people.  - The power of networking. (... and why it's a must in the real estate investing industry.)  Success Quotes: "I think almost everybody's biggest mistake is, we all want to go out and do deals, we all want to make big money but most of us don't take the time to learn how to talk to people.”  “We are real estate problem solvers. If we solve enough of people's real estate problems, we'll make a nice profit and we'll be able to support our families.” Timestamp: 00:00 - Intro 01:35 - Derek shares his life story, which includes how he started investing in real estate. 12:14 - What actually occurred within the US real estate industry during the 2007-2008 market crash? 16:36 - Derek describes how he made the 2007-2008 market crash into an opportunity. 18:53 - Derek provides some good advice on how to maintain a positive mindset when facing challenges as a real estate investor. 21:29 - Derek talks about the importance of networking, his real estate mastermind groups, and the two books he is currently writing. 28:27 - Derek's advice to all real estate investors. 31:39 - Terrie talks about current real estate trends in Canada. 33:42 - Ways to connect with Derek Dombeck.  Connect with Derek Dombeck here:  Website: https://gowvoyage.com/  LinkedIn: https://www.linkedin.com/in/derek-dombeck-0246b323/  Email: derek@bestreifunding.com  Connect with Us: Facebook Page: https://www.facebook.com/restateinvestorsclub/  Email: reic@clubimmobilier.ca  Axel Monsaingeon's LinkedIn: https://www.linkedin.com/in/axel-monsaingeon-42577b28/  Axel Monsaingeon's Instagram:  https://www.instagram.com/monsaxel/  Terrie Schauer's LinkedIn: https://www.linkedin.com/in/terrieschauer/  Terrie Schauer's Instagram: https://www.instagram.com/terrieschauer/ ------- Terrie Schauer's book, Mindful Landlord: How to Run Rental Property for Profit and Peace of Mind, is out! You can grab your copy using this link: https://www.amazon.com/gp/product/B09R2FQ4WY/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0

Derek Dombeck, a Real Estate Expert hosts and runs the WiscoREIA based out of Wausau, WI. There he coaches and teaches other real estate investors his keys to success. He is currently hosting 3 national Mastermind groups called the R.E. Circle of Trust and puts on an Advanced training and Networking event each winter called The Generations of Wealth Voyage. In the last podcast episode, Derek talked about creative financing solutions for real estate investors. In today's episode he will be tackling the other side of the coin and will share some insights about private capital, lending and how that plays into real estate investing. Episode Link: https://gowvoyage.com/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me, I have Derek Dombeck again on the podcast and for those of you who missed his first episode, I highly recommend you going back and giving that a listen. But Derek is the owner of best REIA funding a private lender, he's also an investor. So today, we're gonna be talking about private lending, and also what we need to know as investors and how to utilize it. So let's get into it.   Derek, what's going on, man? Good to see you. Thanks for coming back on the pod.   Derek: Yeah, absolutely. Glad to be back.   Michael: I'm super excited to have you on. So last time, we talked about creative financing solutions for real estate investors. Now we're going to be tackling kind of the other side of the coin and so talk to us about private capital and lending and how that plays into real estate investing.   Derek: Well, I like to talk to our clients that are coming to us for loans in more along the lines of what how would they want to structure if they were the lender? So it makes more sense to them why are we asking for what we're asking for? We design our company, primarily because we were borrowers ourselves, and we want to do it in a way that would be probed by our borrower, but still safe for our investors. So a couple examples, we don't collect monthly payments, we don't collect interest payments, we let it accrue. Very, very few lenders do that. The methodology is that when you're when you're the lender, and a payment is missed or late, that gives you an indication of something could be going wrong with the loan and that's true. But we don't want to have to collect payments every month on 175 outstanding loans, which is typically what we're carrying at any given point in time. It's another staff member that we would have to have basically just to do that do collections. So as a borrower when I was borrowing the money, that's what I would have wanted, right? As a lender, it's different. So a lot of times I'm trying to have these conversations with our borrowers, as I mentioned, in a way that shows them that we're their ally, we're not just somebody sitting across the big fancy desk with a, you know, a suit and tie on looking down their noses at them. We want them to really realize that we are their business partner, in one way, shape, or form. Most interactions with borrowers if they've never met me before, it just starts out with a brief overview of our loan program and I often tell them, well, if you were going to be the lender, if it was your money, what would you want to see happen, especially if they're, you know, if your listeners are out there trying to apply for loans. There's three things two to three things that I think are super important. First one is whether they're going to a bank, a hard money lender, or a private lender, or their great uncle, have all of your documentation ready to go. At the I mean, at the drop of the phone, right? Like we get off the phone, bam, you can submit it. What drives every lender crazy is when they send stuff in piecemeal. You know, and we always have to ask for it and then we have to remind them and follow up that makes you look so foolish in the eyes of a lender. Okay, another thing for us, we don't require appraisals, but most people do. So, and we don't require appraisals in our loans, because I don't trust appraisers. They have no skin in the game, we have way more experience. But we're in a niche lending market of lending on rehabs and some appraisers may never have picked up a hammer in their life. How do they know what the after repair value is going to be based off of a scope of work? You know, if I get a scope of work that's submitted on an application and they claim they're gonna put a brand new kitchen in for $2,000 I'm gonna call bull ** because I know what it cost to put in a low end, middle end or high end kitchen. But again, as a borrower trying to help your listeners in that regard. If you're going to an appraiser or you're coming to us and we don't require appraisals, but having your data somewhere you had to come up with your numbers, right? When you made your offer to buy the property, I want to see, an appraiser may not want to because some of them don't necessarily like to help. But I want to see, because, you know, some of them are just arrogant. Let's be honest at it.   Michael: It's the ego play, yeah…   Derek: It's an ego play. But for me, it's not for me, it's required. I want to see those comps, or CMA, or a BPO, from a real estate broker, something to show me how did you come up with your valuations? If it's going to be a rental property, where's your cash flow analysis, you wouldn't believe it how many times we get applications in and they want to rent borrow money from our short term to fix the property, get a tenant in there and then refinance. But yet they have not talked to any long term lenders, typically banks to even know what their refinance terms would be or if they'd be able to get refinanced. They haven't done a cash flow analysis. Again, have everything ready for your lender as much as possible, right? Gosh, what else as a borrower, you know, coming in with a backup plan, a plan B, is so crucial. Our job as the lender is to expect you to fail and every question we ask is, is asked, because we want to know, if something goes wrong? Can we either take the property back or lien against the, you know, the borrower to get our money back? I mean, that's what it's all about. We are asset based lenders, banks are gonna look at the asset and their income, every lender is a little different.   But the bottom line is, can we protect our investors' money? Can we protect our money and if that borrower walked out of closing, sign the papers and got hit by a bus and died? Can we recoup our money, right? Borrowers don't think that way. Borrowers think sun shines, and sunshine and unicorns, right. Nothing's ever gonna go wrong, the project is going to be on time on budget, we're gonna get under budget. You know, it's total bul****. But that's, that's our jobs to explain that to them in a way that's, you know, we're not trying to drive them from our business, we want to do business with everybody, that's got to legit good deal. But they've also got to be realistic and the number one, two spots that most borrowers come in sunshine and unicorns, their budget is too low on their renovations, and their comps are too high. So they want to use the top comps and we don't, why don't we because the markets shift. Now, if they came in on evaluation, I'm going to use Wisconsin numbers, you know, because that's what I'm used to, if they come in with an after repair value of $200,000 and I look at the comps that they submitted to me and there was one house that sold for 200,000. But the majority of them sold for 175. Which one do you think is the lender want to use?   Michael: Yeah, the 175.   Derek: Right, so we're going to lend based on 175. Now, that means they're going to have to put some of their own or more of their own money into the deal. If they sell for 200 bonus for them. That's great, I hope they can. But as the lender, we can't live on hopes and dreams, we got to live on reality and what happens most of the time is they're trying to come in with as little money out of their pocket as possible by using the highest comps, the lender takes on all the risk, which is why we use the middle of the road comps and I don't go to the very low end either. But we're using the middle and again, if they have to put in 10 20,000 extra dollars, and they're confident in their numbers, they shouldn't have a problem putting in 10 to 20,000 extra because according to them, it's going to sell for 200 they should get their money back and then some but when you start changing that or having that conversation with them. Boy, it's amazing when they have to use their own money, how they start to sing a little bit different tune.   Michael: Yeah. Interesting. So it's almost like you have to protect them from themselves.   Derek: Absolutely and we will tell them that I mean, there's plenty of times where we have just flat out told people you should walk away from this deal. Like we want to do business with you in the future. We want to give you a loan, but you are setting yourself up for failure on this deal and most lenders wouldn't typically do that most lenders will just say, we're only comfortable lending up to x, go ahead and do the deal and then when they fail, the lender will take the property back and the lender is in good position depending on loan to value. But we don't, I don't really like that model. I mean, it's certainly not our model and at the end of the day, if I take care of that investor, and I save them from themselves this time, hopefully when they come back around, they're more educated, and they bring us a really great loan, they've got a really great project. That's what it's supposed to be all about.   Michael: Yeah, yeah. Well, let's talk about that for a minute, Derek. So it sounds like the things that you asked for, from your borrowers. It's really an opportunity for them to showcase their experience level that they've taught, crossed, the T's dotted the eyes and really thought about it and in very proactive in that, what if someone's just getting started? I mean, how much hand holding should someone expect from their lender or can they expect from their lender to help them get to a point where they're feeling confident or do you tell people hey, you know, go kind of skin, your knees somewhere else, and then come back to us when you're a little bit more polished?   Derek: So the answer is, it depends. There's, most lenders out there do not want to deal with brand new people. I mean, it's just a reality of life. We are different in that regard, too because we may say to the applicant, alright, we want you to partner with somebody, and that person has to have, you know, we'd like to see at least three deals worth of experience. Now, I don't care if they get mentored for free, or if they split the deal 50-50. I don't care what that partnership looks like. But we would like to see somebody with experience that is backing this deal and if they can't do that, or they don't want to do that, then we typically would say sorry, but we can't lend on this deal right now and if they don't know anyone else, which happens, we have an extensive network throughout the state. So we can pretty much in any market, we can line them up with somebody that would be willing to, to mentor them and get some feedback from them. So but I don't think there's a whole lot of lenders that would do that much hand holding… Yeah, you know.   Michael: And that makes sense to walk us through because you're a private money lender. So you are kind of this middle person where you take investor money, and then lend it out to other investors that are that buying real estate. So when the Fed talks about interest rate hikes are this sort of thing? Like, how do you set your pricing and what should listeners be expecting if they're going to private lenders in terms of rates, right now, we're recording this almost near early September and August 2022. What are you seeing an image of you'll be expecting.   Derek: So it's very volatile, depending on where you are in the country, and how much competition there is, we certainly have national, hard money lenders that are that are, you know, advertising, much cheaper rates than we offer. But they sell off their loans. Almost many before the ink was even dry. They're white labeling almost everything, which means that there's a hedge fund or another note buyer, that is fronting the cash to close the loan and at the closing table, that loan gets transferred and you know, the person that you signed the paperwork with may still be the servicer of the loan. So you may not even realize it's been sold off. But most of the national lending companies, that's what they do. The challenge with that is, when the borrower gets to any kind of a challenge, we'll call it with their loan, maybe they need an extension, or something's just going terribly bad. Those lenders are not going to be willing to work with them because they don't own the loan anymore. It's gone. It's in some hedge fund on Wall Street, and it's just a number. It's just a loan number, they don't care. They just okay, you failed, get out, we'll take your property. As private lenders, we don't currently we don't sell off any of our loans.   We are 100% privately backed, so I don't have any institutional money at all. That has their thumb on us telling us what we can and can't do and our investors are all individual people there, some are mom and pop. Some are, you know, a little bit higher net worth individuals, but we can have conversations with them. So for example, let's just assume that the markets crashed and 20% of our portfolio defaulted and we had to go take these properties back well, if the market isn't really viable, viable option to sell them off and be made whole, we can go to our investors and we've done this with all of our investors. Prior to them even getting started with us, we have this conversation, but we can go to them say, okay, you know, we still myself, my business partner still run a full time real estate acquisition company, we have rentals, we have everything in place. So we're gonna have to take these, you know, whatever it is 20, 30, 40 properties, and we're going to lease them out and we're going to just collect rents until the market comes back and our investors are, that's not their first choice, but they're okay with it, because they know it's a Plan B, I mentioned that before, you know, the, the borrower's don't want to come in with a plan B or Plan C, we've got that in place with all of our investors upfront and, you know, we pay our investors 9% currently, maybe they would have to agree to go down to 7% or 8%, it would have to look at the cash flow numbers. But that's still better than the alternative of losing money.   Michael: At zero, yeah, zero or negative.   Derek: As far as rates are concerned with us, what we pay our investors dictates what we charge and at 9%, we've got a three to four point spread on interest rate. So we charge 12%, throughout the bulk of the state of Wisconsin, and we charge 13%, currently in Milwaukee and it's really just to be 100% honest with you and your listeners, Milwaukee, we could probably charge more, because our competition is charging 15%. So we don't really have any intentions of increasing our rates, we don't have a lot of junk fees, that's another thing your listeners really should consider looking at when we're looking at any lender, the interest rates might be much, much better, but their junk fees, I know of a lender within my state, who charged something like $3,500 to get paid off. In order for you to pay the loan off, you had to pay a payoff fee, which is asinine. We see a lot of lenders that are charging several $100 to do a construction draw, or a loan or an escrow draw for your construction proceeds, that's your money as the borrower and you now have to pay three, four or $500 to get your money out of escrow. It's crazy, you know…   Michael: I've seen that.   Derek: All these fees are they're nuts. We do charge an extension fee if they go past our six month term and it's equal equals to what if we weren't able to redeploy that money and another 12% in three origination points. So for an extension fee, for us, it's a point per month, up to three more months. Why because we want that money back to redeploy it. So we could charge three more points, right? So but it's not some 10 points in some crazy, crazy astronomical numbers, it's really just trying to get our same level return on our money, whether it's extended or redeployed to a new loan.   Michael: Okay and people listening might be getting excited about using private money, because it sounds like so much more flexible, and just investor friendly. Other people might be a little bit scared hearing this and so I'm wondering if you can talk to if those people are listening, can they get involved on the investor side of things where they're funding other people's deals, and just clipping that 9% coupon or whatever the return is?   Derek: Yeah, absolutely. I mean, if whether it's with me or with somebody else, I'm more than happy to talk to anybody about it and if you invest with us, you do if you don't, I don't, that's fine. But I would say there's some very important things that everyone should know if you went and borrowed money from your family. Okay, so maybe they're talking about a private lender being an individual that they have relationship with, or they might be using somebody's retirement account. I've seen this happen so many times, it makes me cringe. There was a couple young couple, I mentored them years ago, now they're, they're super successful, but they were just getting into the business and they were, they bought a flip house and they said, We borrow the money from my uncle at 2% and we can pay it back when we sell the house. So that's fantastic. That you know, this was back before 2% was popular, right? Yeah and I said, okay, did you put a note and a mortgage in place to protect your uncle and they said, no, he didn't care. He just said, pay me back when you get it, you know, when you get the money? I said, okay, do you have the property insurance? You know, the listing them? In case the place burns to the ground? Nope. Did you get them title insurance? Nope. All these things like they did not protect their family at all. So picture them getting sued by a contractor or anybody. Here's a free and clear property without a recorded mortgage against it and not and they lose it. Let's say we lose a lawsuit property gets taken away from them. Now they still owe their uncle all this money, and he had nothing to protect himself or we go back to the they get hit by a bus walking out of the title company, right?   Property, the money's gone, the money went to whoever they bought the property from, how does that family member collect or get their money back, if they don't have a mortgage in place, they can't foreclose on the property... So I just caution, anybody that's, you know, on the borrower side, that's going to borrow money from friends or family, make sure you always get title insurance to protect your lender. You know, the property insurance, the lender should be listed as a lender, not as an additional insured, there's a big difference and, you know, go through a title company, go through a closing attorney, make sure everything's aboveboard note mortgage in place, or deed of trust, depending on your state because you're just, I mean, you're hurting your family if you don't do it the right way. So always, always, always protect your lender, no matter what and if you're going to take a loss on a property or a project, I don't care what it takes, you make sure your lender is made whole, because we've lent money to people that screwed up their deals, but they took care of us and next time around, we lent the money again but you got to take care of your lenders. On the other side of it, if you want to be a lender, there's a lot that you have to consider just the whole underwriting of the deal. Is it a good deal? Is it not a good deal and how are you going to make sure that you get paid back are you going to have third party that goes there and make sure that the property is being managed, right, or if it's rehab, or you're gonna have somebody that's checking on the project and releasing money on construction escrow drawers. If you do want to collect monthly payments, who's going to do that who's going to service the loan. So there's a lot of things that it don't get me wrong, it's a great business, but there's a lot of things that people don't necessarily think about and I've seen it happen enough times where, you know, somebody has 100 200 $300,000 sitting around, and they just do a handshake deal, and lend the money to somebody, again, not getting the proper documentation in place. We had one ***hole and I say that, because he really was an ***hole, he took money out of his disabled brothers, IRA, to fund a rehab project and he had three other lenders on that project and he never he told his lenders, he was going to record all their mortgages for them and he never recorded the mortgages and it turned into this in this really nasty lawsuit. But he lost his disabled brothers IRA in that transaction and he's just the snake, you know, and they're out there. But you got to protect yourself. You know, I still believe in taking somebody at their word and believing the handshake. But that doesn't mean you don't write down and memorialize what you just shook hands about.   Michael: Right and if someone wants to get involved in the lending side of things, but you know what, you just said, what you just shared kind of makes them a little bit gun shy, or they want to have someone else take care of the day to day operations. I mean, are there businesses that they can plug into it? So here, take my money, pay me a return, I don't want to hear about it or know about what you're doing with it.   Derek: I mean, there is there's a lot of crowdfunding companies that you know, that became very popular. It seems to have died off here lately. You know, I don't hear as much or see as much marketing about crowdfunding. I would say the best way to do it is either find somebody in your local market at a RIA meeting, or, you know, a meetup group or even online, Bigger Pockets or something like that. But you got to spend some time getting to know who you're doing business with and, you know, Google the hell out of them, do background checks, all that kind of stuff. I invite anybody to Google me I have nothing to hide. You know, I'm never I just, I never tried to screw anybody over you know, and I mean, yeah, and it shows. But at the end of the day, you've got to know, this is I don't think this will ever circle back around. But I was invited to be on somebody else's podcast and I won't say the name. But then that gentleman was having a four day online conference and he asked me to speak for 90 minutes on this conference and I said, yeah, absolutely, I'd love to do it. He was expecting, you know, four or 500 people and so I was gonna send it out to my email list and help advertise it for him and it wasn't out there for 30 minutes, and two of my closest friends, one being a really good attorney were emailing me saying, Have you lost your fricking marbles? Like this guy is the biggest con artist and scammer there is and he actually the attorney sent me case studies of actual cases that this guy lost, and how he's not in jail, I don't know and I was just, you know, took and took him at his word. He's got a reputable podcast, right? So I'll go and speak on his conference. Well, who will you associate with can reflect very horribly on you, especially on social media. So I didn't mark it to anybody at that point, I still, I still spoke because I said I would and I believe in you know, I gave my word and I and there was a lot of other speakers at that event that were good. But I would never do business with that man and so that's the same thing. If you're going to lend money, or you're going to borrow money. Do you want to borrow money from a lender that doesn't want to be flexible if you run into trouble? Yeah, for us, we've only had to foreclose on nine properties in the last 10 or 11 years of lending, which is, is very, very, very low as far as the default rate. That's not to say we haven't had other people that had problems because we have, we have borrowers that have problems every week. But we're there to help them work through it, versus the lender, that's lending money as a backdoor way of getting properties.   Michael: It's a much more adversarial relationship.   Derek: Right, so you got to vet your lender, no different than if you were vetting somebody that you're going to invest with, we have a very clear in writing no ***holes policy within our company. I swear to God! Michael: I love it.   Derek: If I have somebody that and this has happened, I've had people that had several million dollars that approached us and said, We want to invest in your company and after half an hour, 45 minutes of talking with them, we just knew they were going to be the biggest pain in our *** and we turned them down. Same thing with our borrowers. If our borrowers stopped communicating with us, and stop doing what we agreed for them to do, then the ***holes  policy kicks in and we will have to default we will have to foreclose or at least we're not going to give them a loan next time. But the life is a lot better when you wake up in the morning and enjoy doing what you're doing and dealing with people that are not fun to deal with takes away from that. Yeah, we just don't do it. You just avoid it entirely. So I'd love to work with any of your listeners, unless they're an  *hole. Don't call me.   Michael: Okay, fair enough. Fair enough. Derek, on that note for people that do want to reach out that do want to work with you that have more questions about private lending, what's the best way for them to do so?   Derek: My, my personal email address is Derek spelled DEREK, @ bestreifunding.com (Derek@bestreifunding.com)  and I keep an eye on my own emails, my if I miss something, my assistant will grab it. But I'd love to chat with anybody that's got questions and again, it's this isn't a sales pitch. I mean, if somebody just says legit questions about lending, and they have no intentions of wanting to work with me as an investor, whatever, that's totally fine. I don't it's not about that for me and then the other thing I'm writing a book right now about lending in from start to finish. What happens when an application comes in all the way through closing and servicing after the fact and that's going to be coming out towards the tail end of the year, November December it'll be published. So I'd love to give your listeners that for free the electronic version for free.   Michael: Awesome.   Derek: So they just send me an email that same email address (Derek@bestreifunding.com) , and say, hey, I heard you on this podcast and put you on the list when the books published we'll get it out to you.   Michael: Fantastic. Thank you so much and I just have an ask for all of our listeners that do reach out to Derek if you wouldn't mind please referencing that you heard him on the Remote Real Estate Investor in the subject line. So he knows where you're coming to him from. That would be super helpful.   Derek: Absolutely.   Michael: Well, Derek, this was great, man. Thank you again for coming on the show. Really appreciate it and I'm sure we'll be chatting soon. Can't wait, can't wait to read the book.   Derek: Yeah, I can't wait to finish the book because it's great when you're writing a book, except some weeks are more stressful than others trying to hit deadlines and stuff. So I'm looking forward to it, but I'm really looking forward to it being done, too.   Michael: I can imagine I can imagine. Well, hey, man, we'll definitely be in touch soon.   Derek: Awesome. Thanks so much for having me.   Michael: You got it, take care.   All right, everyone. That was our episode, a big thank you to Derek for coming on again and sharing his time and knowledge with us. As always, if you enjoyed the episode, feel free to give us a rating or review wherever it is eat your podcasts, and we look forward to seeing in the next one. Happy investing…

If you're having trouble financing your deals and the lending terms are putting you in a bind, we'll surely cover you in this episode! Derek Dombeck joins the show to discuss the advantages of lending and how to come up with fair deals by leveraging its customized terms. Tap in as our guest today will give us another creative funding option!Key Takeaways to Listen forWays to keep investor's money growing and cash flowingMost creative types of real estate deal structuresHow to use an elevator pitch to engage potential investorsWhat is a lease-option structure?Tips for figuring out the needs of property ownersThe rewards of providing solution-based financing strategies for investorsResources Mentioned in This EpisodeGenerations of Wealth ConferenceFree Apartment Syndication Due Diligence Checklist for Passive Investor About Derek DombeckAs a successful investor, Derek Dombeck has surfed the ups and downs of the market since 2003. Derek's expertise ranges from creative deal structuring, wholesaling, flipping, and land lording, to lending and investing throughout the years. He has been involved in thousands of transactions in his career; and what sets him apart is his love for people and their success.  Derek has an uncanny gift for problem-solving and negotiating; and he enjoys using his gifts and knowledge to help people out, sometimes when they have nowhere else to turn. He puts together creative solutions for sellers that few other investors can, and with his team's support, they always deliver. Derek co-owns a private lending company called Best REI Funding, a real estate acquisition company and hosts three national mastermind groups called REI Circle of Trust. They also run an annual advanced strategies and networking event for real estate investors called Generations of Wealth Voyage (gowvoyage.com). Derek is dedicated to giving back to his community. He founded and ran the Central Wisconsin Real Estate Investors Association and later merged with WiscoREIA, based out of Wausau Wisconsin. There he coaches and teaches other real estate investors his keys to success.Connect with DerekWebsite: Best REI Funding | WiscoREIAMastermind: REI Circle of TrustEmail: derek@bestreifunding.comConnect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.

In this week's episode, I am joined by creative-minded real estate investor and co-founder of the REI Circle of Trust Mastermind, Derek Dombeck. Derek started investing back in 2003 and is now sharing his experiences and expertise when it comes to creative financing solutions for sellers that few investors can put together. He has hosted several Real Estate Investing meet-ups and is currently writing a book in which you listeners/watchers can win for free! Email Derek using the email below and listen to this episode on how you can win a free copy!  DEREK DOMBEK'S LINKSEMAIL: derek@bestreifunding.comWEBSITE: https://www.cashflowdepot.com/CHECK OUT MY MERCHANDISE: https://the-elite-strategist.creator-spring.com/To Reach Martin Perdomo "The Elite Strategist": martin@premierridgecapital.comIf you want to learn more on how to invest passively in Multifamily Real Estate visit our website:  https://www.premierridgecapital.comTo get on our newsletter http://eepurl.com/gDkX0PConnect with us on social media:Instagram: https://www.instagram.com/elitestrategist/Facebook: https://www.facebook.com/theelitestrategistCheck out our online course and learn How to wholesale Real Estate:https://real-estate-investing15.teachable.com/p/real-estate-beginner-dealsCheck our Real Estate Investors Club meet-up Website:https://stroudsburgrei.comGet our Free Habit Register by texting the word  STRATEGIES to 33222

Join our upcoming webinar: www.passivewealthstrategy.com/webinar/ Derek has been a successful Investor since 2002. He's been through the ups and downs of the markets and has the scars to prove it. He has been involved in hundreds of transactions in his career. He's done wholesaling, flipping, landlording, lending, and countless of other investment strategies throughout the years.   Derek loves negotiating with sellers. He loves to put together creative solutions for sellers that few other investors can put together.  Derek loves giving back to the real estate community. Derek is also a coach and mentor who has a passion for helping others be successful too.   [00:01 – 05:19] Opening Segment Derek started as a house flipper and landlord in 2003 The Move to Private Capital   [05:20 – 15:13] Lessons From The Great Recession and Being a Private Lender Blessings in Disguise and Tough Lessons from the Great Recession Risking Your Primary Residence and Banks Real estate long-term financing sets it apart from Wall Street Derek talks about his book on the private lending process   [15:14 – 25:21] Raising Investor Capital Derek's Private Money Lending Rates Creative Deal Structuring: Stacked strategies Derek's Client Investor Avatar   [25:22 – 32:32] Closing Segment Quick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at escapingwallstreet.com What is the best investment you've ever made other than your education? Joining several masterminds Derek's worst investment A house that cost him a lot of cleanups What is the most important lesson you've learned in business and investing? “People are way too quick to blame somebody else.” “Don't become enslaved to a bank.”   Connect with Derek through https://bestreifunding.com and derek@bestreifunding.com. Join their advanced strategies and networking conference at Cancun on February 2023 by going to Generations of Wealth.   Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. Join our Passive Investor Club for access to passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                     Tweetable Quotes: “Never lend money on something you would not want to own.” – Derek Dombeck “Best investment, hands down, is a decent mastermind peer group of people that are going to help you get to that next level.” – Derek Dombeck

Derek Dombeck joins David Dodge on today's show! As a successful investor, Derek has surfed the ups and downs of the market since 2003. He has years of experience in lending and investment, as well as creative transaction structuring, wholesale, flipping, and landlording. Derek co-owns a private lending company called Best REI Funding, a real estate acquisition company, and hosts three national mastermind groups called REI Circle of Trust.

Buying non-performing notes is not for the weak of heart. In the best-case scenario, you've got an uncomfortable situation with the homeowner. Worst case a messy foreclosure. But the $5000 note Derek Dombeck purchased turned out to just be UGLY. ⬇⬇⬇In this week's episode you'll learn:How to evaluate note purchasesWhere a private money lender thinks the housing market is goingNavigating deals that involve difficult homeowners// RESOURCES:

 Want to become financially free through real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-bookIn this episode of The Real Estate Investing Club I interview Derek Dombeck, As a successful investor, Derek Dombeck has surfed the ups and downs of the market since 2003. Derek's expertise ranges from creative deal structuring, wholesaling, flipping, and land lording, to lending and investing throughout the years. He has been involved in thousands of transactions in his career; and what sets him apart is his love for people and their success.Derek Dombeck is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Derek Dombeck? Reach out at https://gowvoyage.com/ https://bestreifunding.com/https://www.reicot.com/Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.************************************************************************GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESSLEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-bookCONNECT -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-servicesWATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshowMASTERY -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.com************************************************************************ABOUT THE REAL ESTATE INVESTING CLUB SHOWThe Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips as a real estate investor. Join us as we delve into every aspect of real estate investing - from self-storage, to mobile home parks, to single family flips and rentals, to multifamily syndication!#realestateinvesting #passiveincome #realestate Support the show

Derek Dombeck, a Real Estate Expert hosts and runs the WiscoREIA based out of Wausau, WI. There he coaches and teaches other real estate investors his keys to success. He is currently hosting 3 national Mastermind groups called the R.E. Circle of Trust and puts on an Advanced training and Networking event each winter called The Generations of Wealth Voyage. In today's episode, Derek shares his strategy for creative deal structures and how he raises private money to execute more deals.   Episode Link: https://gowvoyage.com/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, welcome to another episode of the real estate investor. I'm Michael Albaum, and today I'm joined by Derek Dombeck, who's an investor, owner of a private lending company as well as conference host. So let's get into it and hear about Derek's private money and sophisticated purchasing strategies.   Hey, Derek, what's going on? Thanks so much for taking the time to hang out with me today.   Derek: Yeah, I just appreciate you having me on.   Michael: I think it's, it's totally my pleasure. I think we're gonna have a lot of fun today, because we're talking about a pretty interesting topic here but before we get into the meat, and potatoes and sausage, as you mentioned, the in from Wisconsin, give all of our listeners a little bit of background and insight into who you are as an individual and what it is you're doing with real estate today.   Derek: Well, don't forget about the beer in Wisconsin as well.   Michael: That's right. Before we get to the beer and sausage…   Derek: Yes, I just started out as a construction worker back in the day and started in 2003, just like most people do, you know, we buying and selling at that time holding rental properties and we were buying in the state of Wisconsin buying cash flow properties but we also got, I don't want to say sucked in in a bad way. But we kind of got sucked into the craze of building new construction in Florida in the early 2000s, which went really well until it didn't. So and in 2007, you know, in that short period of time, my wife and I had built up a pretty nice portfolio and, yeah, it we lost it. We lost it all down there. Fortunately, we didn't lose our personal residence but the majority of our holdings, I mean, at that time, we had about 29 doors, right around $4 million in assets and just within months, it was down to a million dollars in assets on paper, cash flow was negatives and I look at that now, as such a blessing. It didn't feel like a blessing back then. I mean, it was definitely a blessing in disguise. But we would have never been forced to learn how to get creative and learn how to structure deals creatively because when we started, we use banks for everything. You know, we were just like lending tree, everybody was throwing money at us and we had great credit, good income, jobs, all the stuff that banks love and we quickly realized how little control we had over our business, the bank's control their business and when the bank stopped lending, we were dead in the water. So it took a few years but fast forwarding on we learned how to get creative and more than that, I learned how to talk to people, because I didn't hide from our problems. Like many I didn't join all these class action lawsuits, blaming everybody for everything that went wrong. There certainly were people that did us wrong. But at the end of the day, we take responsibility for our own actions and I want it to be able to, you know, approach the banks, and especially our local community banks, that we have been doing business with, and they wrote it out with us. I mean, I had a couple of community banks, who didn't get their doors locked, that ultimately, you know, hung on with us and rewrote those notes and you know, the stuff in Wisconsin was cash flowing. It was the stuff in Florida that was burying us and you know, we made it through. But as we've transitioned forward and met my current business partner about 10 years ago, he had never used a bank ever to do any kind of real estate and he started one or two years after I did so we've both been in the business since the early 2000s and he had always raised private capital to fund all of his deals and so combination of raising private capital for the cash deals and structuring terms on the creative deals. That's how we've grown our business to this day. Right now we our goal is to buy two or three real estate acquisitions a month, but our bread and butter actually transitioned into the lending space because we got really good at raising money to fund our own deals to the degree we had more money than we had deals.   Michael: Wow, you never hear that…   Derek: Yeah, so we had a lot of friends and I think this is important, Michael. The first eight years of my business I was a closet investor. I didn't go around trying to build a network, I didn't really tell a whole lot of people what I did, I had a full time job and I, I built my real estate, you know, on the side with my wife. After that, we realize it's a team sport and I had to go out and find people to work with, and, you know, people to collaborate with when I needed help. So that's actually how I met Jeff, my business partner, he was running the real estate investor Association in Green Bay, Wisconsin, which is about an hour and 20 minutes from where I live and, you know, I started to see the importance of having a network growing a network and since then, that's where we found all of our borrowers we had, and that's where we found a lot of our private money as well. So we had the reputation of being reputable, we knew what we were doing on the real estate side, our investors had money to place, our friends needed the money for their own deals, and we started playing monkey in the middle, and getting paid to, you know, put the deals together, that parlayed into what is now about an average of 20 to 25 loans a month, going out the door, and, you know, several million dollars a month in in loans and it's we're still 100% privately funded, we don't take on institutional money, I won't sit here and say it'll never happen, but we have no intentions of it because part of the cool thing, Michael is what I do with mom and pop investors, I get to help them, right, a lot of our investors were getting, you know, 1% 2% 3% return on their money, and they're getting nine, secured by real estate, like it's changed a lot of their lives, and a lot of their retirement accounts and things like that. So it's been really, really fun. I honestly don't know where it's gonna lead to I mean, the, the opportunities are presenting themselves and, and we're, we're open to growth, as long as it's controlled growth and you and I talked a little bit before we jumped on camera here, about our, our lifestyles, and I really like to be able to travel with my, with my family, and work remotely and that's something that the lending business affords us versus managing flips, or even rental properties. We still do that, and we have staff, but if I'm going to scale a business, I want to scale the lending business versus the land lording business.   Michael: That makes sense. Yeah, it makes total sense. So Derek, I'd love if we could dive into something that you mentioned and that's about structuring deals creatively. Since I think it's something that people talk a lot about. A lot of our listeners have probably heard the term creative financing or creative deal structuring but let's talk about and unpack what does that really mean? So give us a little bit of insight when you say that you structure your deals creatively, what like, what does that mean?   Derek: So I think I want to clarify what people title creative deal structuring. So you've heard of purchasing a property subject to its mortgage, you've heard of leases, you've heard of options. You've heard of land contracts, or contract for deed, seller financing, using notes and mortgages. Those to me are all individually, they're all strategies. When you stack those strategies together in any 1234, you know, different strategies all together, I consider that deal structuring. Okay… That's, that's my definition for it. So when I get a seller, I do the majority of my negotiating over the phone only because we operate in a fairly rural area and we operate in a 200 mile diameter. So, yeah, and I don't want to jump in the car. Even though gas is cheap, I don't want to jump in the car and drive 100 miles to a house, if there was never a chance that I was actually going to put a deal together on that house. So I got really good at it being able to talk to people over the phone, and getting them to open up about what their goals are in it. It's to me, it's super important. solving their problem. I don't even need to mention what my goals are because I know them internally. I'm not going to do the deal if I don't hit my goals. So I'm only working towards their goals. I'm only talking about their goals and through those conversations, you know, a lot of negotiation books and gurus and people at Teach sales really try to tell you just ask questions, ask questions, ask questions, and that's not incorrect.   But I really feel it's important how you ask those questions. What the tone in your voice is what the response and the tone in their voice is the body language even if you can't see them. You can hear it and very much on that. that type of stuff. So I just did a presentation last week. So I'll probably use a couple of the same case studies but I did a presentation down in Milwaukee, Wisconsin, on this very topic and people are like, well, how do you get somebody to tell you what they really want? How do you get somebody to tell you what they owe on their loan? How do you get them to do all these things and I feel like number one, I'm just really blunt. It not in a rude way. But I don't hold anything back. I have no problem. If somebody is going through a foreclosure for example, I have no problem saying, Michael, I, I've been through several foreclosures myself, I lost everything. I know how you feel and they know if I'm bullshitting them or not, right, especially if they can see me if we're at a kitchen table tonight and I'm able to do that they can see the my face. But yeah, you know, I've lost family members, I've lost my father. So we've dealt with the grief and the probate and everything that you go through, if you're dealing with somebody that's selling an estate. So I have no problem opening up about that being vulnerable, letting them know, I am clearly here to help and I am going to profit and I'm not going to hide that fact, I'm going to profit if I'm able to help them, but I'm helping them. So the first thing I do within the first two minutes of any phone conversation, or in person, but typically it's on the phone, is I have a little elevator pitch and so Michael, I'm just gonna you use you as the seller, right?   Michael: Please…   Derek: Michael, I just want you to know that we buy houses in several different ways, all cash is not a problem. But that's typically going to be our lowest offer. If that doesn't solve your needs or doesn't meet your needs, we can look at taking over your payments, if you still have debt. If you don't have debt, we can make payments to you over time and in some cases, we actually just lease your property and put a document in place called an option and we purchased it in the future that really works really well. If we're dealing with a landlord who's trying to offset some capital gains taxes for right now. Just tell you all this, Michael, so you understand. I'm going to ask you some questions that most people probably would never ask you. But I'm really trying to give you a solution for your problem today. Is that fair? And finished...   You can tell I've said that right? A couple 1000 times or more. One, what that does, is that sets up any question I asked moving forward, they now know why I'm asking it. I'm asking it to, you know, when I say Michael, do you have any debt left on your property and that's important, too, like the way I just said it? I don't say, Michael, what's your mortgage or Michael, do you know? What's your loan payment? I don't say those institutional words. I come across soft and subtle and, Michael, do you have any debt left on your property in a tone, right and people just…   Michael: It feels so different. Even just as we're having this conversation…   Derek: People open up and that's the tone of the entire conversation. And I don't care if it takes 15 minutes or an hour. As long as it's going in the right direction and I'm leading them. I'm leading them to a pre preconceived conclusion that I already have. But I'm not doing it maliciously, or trying to take advantage of their bad situation, right. It's kind of like, Have you ever gone to whitewater rafting?   Michael: Yeah, it's great.   Derek: So you have a guide, when you go whitewater rafting, and they know that they're going to take you through a class four rapids, and it's going to be a possible shit show. But they also know that the joy and the excitement that it's going to bring you when you get to the to the, you know, the soft water at the bottom of that, and everybody's high fiving and they're excited, they got the adrenaline rush, they already know what was best for you, I do the same thing. I know what I can do for a property owner, I know I'm gonna have to get him through some class three or class four rapids and they're gonna have to, you know, take faith that I know what I'm doing to get to the end when we're all high five, and then the problem is solved. So I don't want to manipulate them through the class three in class four rapids, but sometimes, you might have to just, you know, throw them into the class three and class four rapids. No one, we're going to be okay.   Michael: Yeah that's a great analogy.   Derek: Yeah, so that's what we do.   Michael: Derek, I'd love if you could walk us through what a case study looks like your example looks like that that you've seen, because I think you threw out a bunch of really great strategies, but hearing how they all start to piece together and fit together and be really helpful.   Derek: Yeah, for sure. So I want you to know the case studies I talked about have all been done in the last couple of years during the hottest selling market we've ever had, because I don't I'm not going to give your listeners old information.   Michael: From 1979 a deal that was done…   Derek: For sure but I had a ranch house on five acres of land and Central Wisconsin, to give you an idea, our median price points here are 150 to $250,000 houses in most cities and you get rural, it can be a little bit, you know, plus or minus depending on acreage. But I, you know, this was a three bedroom, two bath ranch built in the 70s had some additional outbuildings sat on five acres land, and in a nice condition that would have been worth about $225,000. Now this was about a year and a half ago. Okay, so today's market, it would have been up another 20-30 grand. But Randy had two mortgages on his property and the if you wanted to do a full renovation on the property, it needed a $50,000 renovation. It had some dated stuff in it, part of it had been updated but Randy was a bachelor there was not a lot of wear and tear on the property. But he had some foundation issues, we had some leakage going into the basement, a lot of those things can be easily solved, which I'll mention in a second. He was retiring, and apparently had met a woman from out of state and he literally wants to retire and move within a week and go move to South Dakota where she lived. He did not want to deal with a realtor or showings or having to do anything to the house to make it pass a home inspection, anything like that. His two mortgages were totaling $132,000 and my cash offer to him was 124 and he said I can't take 124 for some obvious reasons and some other reasons he just didn't want to write. So we talked about potentially doing a joint venture where it's Randy, I could come in, I could stick the time and money into the property and we could you know, I want to get my money back hit a certain profit margin, we could split any extra proceeds. I don't like doing that with civilians. I don't mind doing that with other investors. But I'm not a fan of doing it with civilians and ultimately, he didn't like it either because how do I trust you? How do you trust me and I said, okay, well, what do you want to get in your pocket? And he said, I really want $150,000. If I got 150,000, I walk away, I've got a little bit of money to start over with and I said, well, you know, if you listen to this with a realtor, you could sell it for more than 150 and he said, Yeah, I know but for the same reasons I already mentioned, he didn't want to deal with it. I said, how long would you typically list your property with a realtor for and he said six months… Again we know the answer already. But I'm still asking the question. I said, okay, Randy, what if I had six months on an option to purchase your property for $150,000 and I stick whatever I feel necessary into the property to sell it. In the next six months, whatever I sell it for over and above the 150 is my profit and he's yeah, I'm okay with that and I said, okay, I also want to lease so I have the legal right to use the property, and I'm not going to use it to live in, I'm going to use it so that I can fix it up and he said, that's great. I said, What do you think is a fair price for rent? Now remember, I'm going to be paying the utilities and I'm going to take care of this was the fall of the year. So there's leaves falling and there's yard maintenance and some landscaping, which a realtor is never going to do, right? Yeah, potentially there could be snowfall during the six months. So I'm gonna have snow plowing and all these other expenses and he said, well, I don't really need anything for rent. I will tell you, he backpedaled before we signed the documents, he ended up chiseling me for the taxes, the real estate taxes monthly, so I ended up paying $220 a month for rent, which, you know, I gave it on that one. So, so I had use of this building for six months for $220 a month plus utilities. Okay, I am now going to go in there and only do the renovations to it that I feel necessary to get it to pass a home inspection, and an FHA loan or any government backed financing, because conventional would already qualify, but I want to make sure it's gonna qualify for all these other programs. That meant taking care of the water problem in the basement and ultimately, we painted everything the basement walls, we freshened everything up, did a deep clean on the property did some landscaping, five days' time, and $2,000 out of my pocket in labor and material, and we put that property on the market.   We had when I listed it with my real estate broker friend who already had a buyer in her pocket, but we did it legal and we marketed it. Her showing was the first showing we had 14 showings scheduled within the first 24 hours and I ultimately accepted the original offer which was my full asking price to $100,000. They had no inspections, they had good financing conventional financing, they were able to close in about 26 days. I never owned the property, Michael, I controlled it with an option and a lease, our net was $36,000, so…   Michael: For five days working to raise…   Derek: For five days working to raise work. So what's the what's the return on investment annualized? Who cares enough, right? It's enough. But it gets important on how you structure this because we talked about strategies and structuring, right. So initially, I had an option, and I had a lease and that was great but I want to protect myself and this is something you probably won't hear anywhere else, because very few people talk about it. You have the right to record an option on public record, right. So that Randy, Randy can't go and sell it to somebody else or, I mean, Randy could see oh, my gosh, he put this on a market for 200,000, which actually we talked about because I'm again, I'm opening blocked, I told him what my intentions were, he was totally fine with it and spoiler alert, he actually knew the kids that I sold it to they, his their parents were friends of his they just didn't never knew his house was for sale. So he was happy with who ended up with the house. But what I do in that scenario is I secure my option with a mortgage. A mortgage is nothing more than a security instrument, which typically is going to tie a property to a promissory note alone, right. But a mortgage or a deed of trust, depending on what state you're in, can secure an option it can secure lease, it can secure any agreement, because all it's doing is pledging the property as collateral in the event that the agreement is breached or defaulted. Okay, so why is that so important? Why don't I just record the option? Well, let's say that Randy decides he does not want to close, I do all this work, I find a buyer he doesn't want to sell to me because he, you know, he's seeing dollar signs, and he wants to backdoor the deal and go sell to somebody else. options have gotten missed in title searches. I mean, they're not as common as a mortgage and everybody's taught to look for mortgages or deeds of trust, if the option got missed, and that property actually closed, and Randy sold it to somebody else, what's my recourse, as the option holder?   Michael: Probably pretty limited.   Derek: I could file a lawsuit, I'm never going to get that sale reversed ever because it's done. It was sold to a third party, it'll never happen. But I'm sitting in front of a judge arguing contract law, which is gray at best and the judge has the ability to have an opinion on what he thought we meant. In this option agreement. If I record a mortgage instead of the option, number one, I don't want the public seeing what the terms of my option are and if they're public record, they get to see what my purchase price is. And they get to see how long I have to purchase it and everything else that's in there. So I could file what's called a memorandum of option. But I don't want to do that either because again, it could get missed now if I file a mortgage. How often do mortgages get missed, almost never but even if it got missed, I still have a lien against that property that's in senior position to who just bought it. Title insurance is going to kick in, there's going to be a bunch of stress, but I can start a foreclosure action, take the property back or if Randy refuses to sell to me, I can say, okay, Randy, thank you for being an asshole and not living up to what we agreed to. Now I have to turn this over to my attorney and foreclose and take the property away from you. In which case, you're likely gonna get zero instead of the cash he would have gotten, because he pledged the property as collateral to secure our agreement.   Now I would be in this particular deal I would be foreclosing subject to the senior liens, I would still have to pay off his bank loans… which is totally fine, because that's the way it should be anyways. And then here's the final piece. I always have power of attorney on the properties from Randy. So when I went to list the property, if I was going to sell it to anybody using government financing like FHA, any loan program that still has seasoning issues or title seasoning requirements, I should say I could not buy the property from Randy and then double close it 10 minutes later and sell it to you because there will be a title issue with seasoning of title because I had power of attorney from Randy. I listed the property as Randy's POA and I actually signed the closing documents on behalf of Randy to the end buyer and I got paid as a mortgage payoff on the closing statement. So it doesn't trip up any FHA underwriting or any other loan underwriting because they're doing a title search. They're seeing Randy's name is on title, right? I'm Randy's POA makes total sense   Michael: Oh my gosh…   Derek: and my payoff is just going to be a mortgage payoff which looks normal to any lender. Right? So we stack a couple of different tools there and that's creative deal structuring.   Michael: That is what for anyone who's watching this, you'll see my mouth is a game for anyone listening to SAT, take my word for it, my jaw just dropped to the floor. That's wild Derek, how did you figure this stuff out man?   Derek: I have a PhD of public high school diploma and I have I have a network. I mentioned earlier, it's all about your network, I have friends that I you know, most of them are, you know, in their 60s and 70s. I'm in my 40s but these guys have been there done that. So when I have a deal that comes up, I'm able to pick up the phone and talk it through with my friends and over the years now people are calling me to get the advice that I learned from them, right. But it's all about the network. It really is because you can read it, you can hear it, you can look at it in a book or a seminar until you're actually on the streets, work in the real deals, most of the time doesn't sink in. It doesn't for me, at least, you know, I gotta be, right. So I mean, that's one deal, which was actually pretty basic. In my world, I didn't stack a whole lot strategies there, it was really just a lease option but they get more intense, and they get more layers, depending on what we're trying to solve. I won't probably have time to give you the details but I'll tell you, we bought a house, subject to a first mortgage of roughly $65,000. I don't have in front of me. So I'm going to kind of round up the numbers, right?   Michael: Yeah…   Derek: The seller wanted 105,000 and so first mortgage subject to 65,000, she needed $10,000 cash and she was willing to carry the remainder of the purchase price on a second mortgage with payments of $200 a month until paid in full at 0% interest I needed about $20,000 tend to give her into cash and tend to stick into the property to do some paint and carpet and cleanup and I was going to lease option it to a tenant, future buyer. So I approached the financial friend who has a small IRA, how do I know they have a small IRA because I communicate with all my financial friends as small IRA, I said, hey, Dan, I need $20,000 I'll give you 6% interest only quarterly and I'll give you 25% of the equity in the property someday when we sell it. He said okay, cool and that's in his IRA. So that's growing tax free for him. Right. So I'm in the deal with nothing out of my pocket. We ended up about a little over two, two and a half years later, it sold, you know, to a lease option buyer and everybody got paid off. Dan got his portion, she got the remainder of her second mortgage, you know, the bank got their money, everybody got paid. I can't remember what the ROI was. But it was pretty sick because I had nothing into it, and, but that we stacked a lot of strategies in that deal structure.   Michael: This is wild, Derek, we got to do like five episodes with you, man just talking to all this. This is mind blowing but we're gonna wrap up here in a minute. But you said a couple things that I want to come back to and make sure that people really hurt and it sank in and one of which is that you said you're trying to solve these folks problems before mentioning what your goals are right? Not even maybe mentioning what your goals are, which I think is so important because so often in these in just sales in general real estate transaction, It's you versus me, us versus them type of mentality but what you're talking about is coming, hey, you know, putting armor on the person we're on the same team. Let's figure out how to get you out of hot water, which I think is so critical.   Derek: It is and it's a lost art in the United States and that lost art is sad because people don't care about people anymore, right. Many people don't even know their neighbors names. I live in the middle of nowhere. So for me, I got 40 acres and some horses and my family and I know all my neighbors around me I've been in the same area my whole life. But I go to these cities and I buy these houses and the first thing I do literally is I go on every house on either side of me across the street and behind me and I shake their hands, I give them my business card. I let them know what our intentions are with the property. Now I have a built in security system, because they're all watching the house for me and they all have my cell phone number and they're also seeing the improvements we're making to their neighborhood. So when they have a friend or somebody else they know that's trying to sell a property, they call, right like, but that's just a lost art that nobody everyone just wants to hide or they're the other way they want to put everything on social media and brag, that's a whole another thing…   Michael: We could do a whole episode about that.   Derek: Yeah but that's, I mean, what I do is nothing magical. I just truly care. And if I solve enough people's real estate problems, I'll make a healthy living and raise my family. That's really what it comes down to.   Michael: I love it, I love it. Derek, we're gonna get you out of here in just a minute but before we hit record, you were telling me about some pretty cool side projects that you're working on and I think you mentioned that you're writing and also coauthoring a book. Is that right?   Derek: Yeah. So I'm authoring my own book, which is not titled yet, because we're in the process of it and I'm coauthoring a collaboration book with a bunch of other really cool authors and they're both gonna be out towards the end of the year. So I can't give anything today, I just would have to have people reach out via email and let me know how I can get it to them later. But I'd love to give your audience the free version of both of those books and then…   Michael: Amazing… Derek: Yeah, so I mean, simply my email address is my first name: Derek spelled the shortwave, because my mom probably thought I was gonna be smart enough to spell it the long way, I'm not sure. But it's so derek@bestreifunding.com shoot me an email, tell me you heard me on Michaels podcast and put you on the list for the for the free books and when they get, you know, released, I'll have my assistant just email blast them out to everybody. So that's the first thing, I'd just love to do that.   Michael: Thank you.   Derek: The other thing, Michael, I host the conference once a year and we actually, this, this was handed down to us from all of my peers that I learned all this cool stuff from, we just became very close friends, they used to run a conference on a cruise ship and they it, you know, they aged out and so we don't do this anymore. So we took it over. It's called the generations of wealth. It's going to be in Cancun, in February, late February 2023. So, what I'm super proud of Michael is we have non selling speakers. So this isn't a pitch fest. We have a five day conference, we have people speak from nine in the morning until one in the afternoon. On advanced strategies, this is not really for brand new people. I mean, you still get something out of it but it's advanced stuff, what we're just talking about for last 25 minutes. But then the whole afternoon is spent just networking hanging out at the pool, having a an adult beverage, if you're you know, have like that kind of thing or if you're from Wisconsin having 12, adult beverages, whatever and then people are out to dinner together, people are hanging out by the pool, whatever. Then in the evening, we have these townhall sessions which are totally optional. I mean, you can come and do as much or as little as you want but those are more interactive discussions.   But what I really love about it is we encourage people to bring their kids, especially ages 10 and up, we don't charge you to bring them they can sit in on every session at free of charge. Last season or last February, when we had it, we had about 18 kids there and about a dozen of them sat through every lecture regardless of the fact that didn't have a clue what was being talked about. Other than my 15 year old daughter did a presentation on how to get your kids involved in your business, which made me super proud. But I want our kids to build a network of people in their teenage years and early 20s across the nation who have parents who are freaks like us, who just don't conform to a lot of the stuff that's being taught in school systems and if they never enter the real estate world totally fine but they know that there's other people out there. I mean, literally my daughter has friends in about seven different states and they communicate daily, weekly. It's unbelievable. So generations of wealth. The website is: G O W https://gowvoyage.com/ -G O W voyage.com. It's literally just being opened up to the public as we're recording this and which is it's not going to be this huge 400 person conference so there will get potentially a point where we're gonna have to shut it off because I've only got so much room blocked off at this all-inclusive resort, but it's going to be awesome.   Michael: I love it. We'll definitely go check that out everyone listening or watching Derek what's the best way for people to get in touch with you if they have more questions want to follow up? Is it your email that you gave earlier is there another way?   Derek: Yeah and that's my personal email guys. I actually check that and I'm more than happy to talk to anybody about, you know, whether they're private lenders or deal structuring or whatever. Yeah, reach out to me, I'd love it   Michael: Right on. Well, Derek, thank you again so much for coming on and sharing so much wisdom. This was really incredible. Definitely, we'll be in touch soon, man.   Derek: Awesome. Thank you so much, Michael, ever have a blessed day.   Michael: All right, everyone. That was our episode, Derek a big thank you to him for coming on and sharing some really interesting insights into creative ways to purchase properties. As always, if you liked the episode, feel free to leave us a rating or review wherever you get your podcasts and we look forward to seeing the next one. Happy investing…

Free Trial! Join the Private Money Academy: https://www.JayConner.com/trial/ Private Money Academy Conference: https://www.jayconner.com/learnrealestate/ Free Report: https://www.jayconner.com/MoneyReport Derek Dombeck joins Jay Conner in today’s show to share his uncanny gift for problem-solving and negotiating. He enjoys using his gifts and knowledge to help people out, especially when they have nowhere else to turn. As a successful investor, Derek has surfed the ups and downs of the market since 2003. His expertise ranges from creative deal structuring, wholesaling, flipping, and land-lording, to lending and investing throughout the years. Derek has been involved in thousands of transactions in his career, and what sets him apart is his love for people and their success. He puts together creative solutions for sellers that few other investors can, and with his team’s support, they always deliver. Derek co-owns a private lending company called Best REI Funding, a real estate acquisition company, and hosts three national mastermind groups called REI Circle of Trust. He is dedicated to giving back to his community. Derek founded and ran the ​Central Wisconsin Real Estate Investors Association and later merged with WiscoREIA, based out of Wausau Wisconsin. This is where he coaches and teaches other real estate investors his keys to success. Timestamps: 0:01 - Get Ready To Be Plugged Into The Money 0:37 - Today’s guest: Derek Dombeck 3:40 - Derek’s First Real Estate Deal And Its Problem. 7:24 - The Best Decision For Using Private Money 11:11 - What is Private Money? 12:29 - Jay’s Free Private Money Guide: https://www.JayConner.com/MoneyGuide 13:22 - The Breakthrough In Derek’s Real Estate Business 15:48 - Private Money vs. Institutional Money 17:41 - How & Where Do You Find Private Lenders? 20:40 - Accredited & Non-Accredited Investors 22:07 - The Most Effective Method In Rising Private Money 24:11 - How To Converse With A Potential Private Investor 25:46 - No-Hassles Policy 27:29 - State of The Real Estate Market In The Next 6 Months 30:00 - “I Would Never Use A Bank On My Real Estate Transactions” - Derek Dombeck 31:47 - Email Derek to receive his free E-book: Derek@BestReiFunding.com 32:00 - Connect with Derek Dombeck: https://www.BestReiFunding.com 33:35 - Be A Part Of Generations Of Wealth Conference: https://www.GowVoyage.com Youtube Video Link: https://youtu.be/Hk1twP2QbR4 Have you read Jay’s new book: Where to Get The Money Now? It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3

We interview Derek Dombeck from Best REI Funding.   They are doing over $25 mill of private loans yearly just in the state of Wisconsin.   Derek has a lot of interesting insights he shares related to his business growth, how his team is setup and who their target client is.  They are constantly raising new capital and working to expand their loan portfolio.   Tune in now and watch the full video podcast at www.privatelenderspodcast.com If you enjoyed this podcast we would appreciate a positive review...  https://podcasts.apple.com/us/podcast/private-lenders-podcast/id1476153070 Make sure to check out the #1 Free Community For New and Experienced Private and Hard Money Lenders.. Create your free account at www.hardmoneymastermind.com

We interview Derek Dombeck from Aved Trader. He is an experienced Investor and Lender. Derek has a lot of interesting insights he shares related to his business growth, 2008 financial crash and how he sets up his goals. Derek calls his goals 'visions' and they aren't based on financial benchmarks like most of ours are. Very interesting stuff... Tune in now and watch the video version of the podcast at www.realestatereservepodcast.com. If you enjoyed this podcast we would appreciate a positive review...  https://podcasts.apple.com/us/podcast/real-estate-reserve-podcast/id1507982777

Failure is one thing that many of us are afraid of experiencing. Unfortunately, failure doesn't ask for permission. It just comes when it is least expected. In this episode, I have the amazing Derek Dombeck. He is one guy with a story to tell. He is the owner of Best REI Funding LLC. He has been seen the best and worst of the market, and he has scars to show. In 2007, he experienced one of the biggest failures in his life. His business went under. He had the option of filing for bankruptcy, but together with his wife, they decided to take a different route. Derek got a partner who had the money, and Derek brought his knowledge to the table. With his experience, Derek rebuilt his business and runs a mastermind and a conference today. Listen in to Derek's story and learn. Key Talking Points of the Episode: [00:53]Who is Derek Dombeck? [02:11] Derek's failure in 2007 [08:55] What kept Derek and his wife going after failing in 2007? [13:40] Derek's private lending business [16:27] Derek's masterminds Magical Quotes from the Episode: “Once the knowledge is up in between your ears, they can take everything away from you. You can fail again. But you won't lose the knowledge and the experience you have.” “When you've been through different market cycles, it's almost like you've seen the end of the movie before the movie started.” “I know what I know today, and I have what I have today because of what we went through.” “We take pride in working with our clients educating them. Whenever they have a challenge, we're there to help them, and we don't want to take the property away from them.” Connect with Derek Dombeck: Twitter: https://twitter.com/DerekDombeck LinkedIn: https://www.linkedin.com/in/derek-dombeck-0246b323/ Website: https://bestreifunding.com/ Email:derek@bestreifunding.com

Derek Dombeck has surfed the ups and downs of the market since 2002. His expertise ranges from wholesaling, flipping, and landlording, and even lending. He has been involved in hundreds of transactions in his career; and what sets him apart is his love for people and their success stories. Derek has an uncanny gift for problem solving and negotiating; and he enjoys using his gifts and knowledge to help people out, sometimes when they have nowhere else to turn. He puts together creative solutions for sellers that few other investors can, and with his team's support, they always deliver. Derek is dedicated to giving back to his community. He hosts and runs the WiscoREIA based out of Wausau, WI. There he coaches and teaches other real estate investors his keys to success. He is currently hosting 3 national Mastermind groups called the R.E. Circle of Trust and puts on an Advanced training and Networking event each winter called The Generations of Wealth Voyage.

Today our guest Derek Dombeck shares his master tips on how to negotiate like a pro!

In this podcast, you'll learn: How to convert the seller to do a creative deal with you Three Things to do in every initial phone call 1. Identify what type of person YOU are 2. Determine what type of person you're dealing with. 3. The Elevator Pitch Determine base on their response where your are going with the conversation Guide them in the rapid Type of person -Analytical person -Social conscious person -Driver person Record your phone call, listen to them and take notes Everything is a negotiation Take time to study what are you doing right and doing wrong Book Derek recommend on how to be better at negotiating: Pitch Anything Never Split The Difference Flip The Script How to handle the conversation with 2 people Acknowledge the other person and make them a part of the negotiation To connect with Derek, please email him at Derek@BestREIFunding.com Sponsor: Kaliser & Associates For more information and a free consultation, please go to Kaliserlaw.com *And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (Creative Real Estate Podcast)

A question that a lot of people ask themselves every single day, "Why am I getting out of bed?" If you can't answer this questions clearly, then you need to sit down and hash it out. Ultimately your answer will push you to get out of bed every day or make you just not care.

From the small market of Wittenburg, WI, Derek Dombeck has had to become creative when it comes to real estate deals due to lack of high inventory. Derek walks us through the strategies he's implemented to succeed in the central Wisconsin market.